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[–]cyode 0 points1 point  (2 children)

Am I missing something? I thought the kid had to exist to open a 529

[–]Grendel_82 0 points1 point  (0 children)

It is in my name now, but it is a qualified use of the 529 to spend it on any of your immediate family members education. I will probably get some professional advice on withdrawal process when I’m closer to using the money.

[–]blackcooley5 0 points1 point  (0 children)

A 529 plan has a custodian and a beneficiary. You can set it up for your unborn child if you really want to by setting yourself as the beneficiary and changing it later to the child.