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With educational expenses on the rise, planning for your children’s education while they are still young is usually advisable. Many families find that a “section 529 education savings plan,” or more commonly known as a “529 plan,” works well for this purpose, but there are potential pitfalls to 529 plans. In re Marriage of Daon and Stewart illustrates one such pitfall that can occur when a married couple gets divorced and assets, including 529 plans, are divided.

To read more about this case, click the PDF below.