College Planning

“529 plans are an attractive estate-planning vehicle, with tax benefits that allow you to contribute up to $18,000 ($36,000 for married couples) annually without gift-tax consequences.

Under a special election, you can invest up to $90,000 ($180,000 for married couples) at one time by accelerating five years’ worth of investments.

A 529 account can pay for qualified higher education expenses, such as tuition and fees, room and board, books, computer or computer software.”