My owned 529 plan paid for my beneficiary only daughter's college and she's now graduated. I would like to transfer ownership to my niece and beneficiary to her daughter, if possible. So my question is whether I can achieve this fax-free? My thought is to transfer the beneficiary and owner to my niece. Would she then be free to change the beneficiary that year (or the next) to her daughter (my grandniece and the first cousin once-removed of my daughter, the current beneficiary)?
Appreciate any thoughts.
Tom
