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Hello. I am considering setting up a Sec. 529 plan (College Savings Plan) for my daughter. My daughter will be the beneficiary of the plan. The plan will be funded from gifts that I make to my daughter. I will be the "account owner", but the funds will be hers.

Since the money in this account is not mine and I am not the beneficiary and I cannot take a loan out against the money, am I required to disclose that I am the owner of such a plan in any personal financial statements?

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