School has Started: What is a 529 Plan for Higher Education? - Monday, September 2017 Who can setup a 529 plan? a) Anyone can setup a plan. Typically it is setup by a parent or a grandparent. Who can be a beneficiary of a 529 plan?
Credit shelter trusts are a way to take full advantage of state and federal estate tax exemptions. Although such trusts may appear needless unless you are a multi-millionaire, there are still reasons for those of more modest means to do this kind of planning, and one of the main ones is state taxes.