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Reply to "Can you have an "unknown" 529?"
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[quote=Anonymous]You wouldn't know about it as the statements would go to the owner, not the beneficiary. My ILs have one for DD, which we know because they needed her SSN. The send us the statements once a year or so so we roughly know what's in there. So if MIL either opened a 529 somewhere where they don't require the beneficiary's SSN or your friend/her DH provided the child's SSN there very well could be an account that they would never know about. [/quote]
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