We have a client who owns a 529 and the beneficiary is her nephew. The current beneficiary no longer needs the 529 and the owner would like to change the beneficiary to the current beneficiary’s cousin’s daughter. Understanding that we cannot directly move the funds to the beneficiary’s cousin’s daughter without tax/penalty, could we make two beneficiary changes? First change the beneficiary to the cousin and then second change it from the cousin to her daughter? If so, can we do this in the same year? How long do we have to wait to change beneficiaries?