Can Creditors Invade Qualified College Savings Plans?
Journal of Financial Planning, Vol. 14, 2001
9 Pages Posted: 31 Jan 2009
Date Written: March 1, 2001
Although the attractive tax and control features of qualified college savings plans have received much attention, surprisingly little light has been shed on whether the contributor's creditors can invade these plans. This article explores the risks to which college savings plans are exposed and surveys the level of protection offered by each state.
Keywords: college savings, qualified college savings plans, section 529 plans
JEL Classification: K30, K34, K39
Suggested Citation: Suggested Citation