Anyone can open up an account for any beneficiary. You do not need to be related to someone in order to open an account. You may set up an account for your child, father, grandfather, wife, or even your neighbor's child.

There are no age limits or restrictions upon who may become a beneficiary on a 529 account. The reason for this is that many people go back for their education for a wide variety of reasons. Age should never be a consideration in saving for one's education.

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