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Reply to "529s for nieces and nephews "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP if you have any hidden strings or assumptions attached to your gifts make them clear. My uncle-in-law gave to BIL and SIL and not to us assuming we were fine. Then he had all sorts of expectations for help maybe 15 or 20 years later. It was easy for us to set boundaries and have him accept them. We were burned out from our own parent's care and visits. He could not accept boundaries from BIL and SIL and their families because he felt they owed him. They sent thank you notes and visited now and then as usual, but had no idea he expected more. If they had known he would cause so much stress, they would have never accepted the gift.[/quote] The condition is they need to go to college. They won’t get the money unless they do. [/quote] What about vocational school? What if one has learning issues or mental heal struggles?[/quote] Whatever the 529 rules are. They can get the money if they comply with those. I do not make the rules. [/quote]
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