If you were a childless couple and want to establish 529 for each spouse and each spouse would be the owner and beneficiary of their own 529, would it possible to establish these for future children? In other worsd change the beneficiary upon the child being born.
Would this strategy allow all for a state tax deduction (assuming the state otherwise allows for a deduction/credit)?
So, after each child is born, the transfer of beneficiary status would be done so that the child has a 529 established for them.
would this strategy work?