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Subject:  Leaving Money to a 529 Plan Date:  10/19/2001  7:21 PM
Author:  cowdogman Number:  54710 of 127613

My parents' will provides that I share equally with my siblings in the division of their property. That proprty consists in material part of IRAs, my share of the distribution from which will be taxed to me. My share pretax will probably be significantly less than $100,000.

I am wondering whether it would tax advantageous to ask my parents to skip me and leave the money to my child's 529 plan (owned by me). Would this be considered a bequest to my child or to me? If to my child, would the IRA portion of the bequest be taxable at his federal tax margin or mine?

Any thoughts?

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