"From Commonwealth of Virginia 529 College Savings Plan Program Description Can I transfer ownership of the account?
Yes. Ownership of the account can be transferred by changing
the account owner. Written authorization is required from
the current account owner. To request an Account Owner Change
Form, please call our toll free number, 1-888-567-0540, or
download the form from our web site,
There may be tax consequences related to the transfer of a
VEST account, so please contact a tax professional to
determine the effect of an account transfer on your
My understanding is there are no tax consequences unless it
is an "abusive" transfer. Can anyone suggest the
circumstances under which there would be tax consequences?
- posted 12 years ago