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  • Change Beneficiary Information For Your Usaa College Savings Plan

Get Change Beneficiary Information For Your Usaa College Savings Plan

USAA College Savings Plan Change of Designated Beneficiary Form SM Please complete this form to change the Designated Beneficiary of your USAA College Savings Plan (Plan) account. This action will.

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You can change the beneficiary of your account at any time or transfer a portion of your investment to a different eligible beneficiary. The new beneficiary must be an eligible member of the previous beneficiary's family.

The program enables Californians to save for college by putting money in tax-advantaged investments. After-tax contributions allow earnings to grow tax-deferred, and disbursements, when used for tuition and other qualified expenses, are federal and state tax-free.

A 529 account owner can change the beneficiary at any time without tax consequences if the new beneficiary is a member of the family. A member of the family is defined in Internal Revenue Code section 529. If the new beneficiary is not a member of the family, the change will be treated as a non-qualified distribution.

You can change the beneficiary without adverse federal income tax consequences, as long as the new beneficiary is an eligible member of the family of the current beneficiary.

The policy owner is the only person who can change the beneficiary designation in most cases. If you have an irrevocable beneficiary or live in a community property state you need approval to make policy changes. A power of attorney can give someone else the ability to change your beneficiaries.

529 plans are designed to help save for the future education costs of a single beneficiary. However, the 529 plan account owner may change the beneficiary to a qualifying family member of the current beneficiary at any time without tax consequences by completing a form on the 529 plan's website.

During the current owner's lifetime, the owner may transfer an account to a new owner. The current owner will complete an Account Owner Change Form and the new owner may need to complete a General Enrollment Application.

CollegeAdvantage does not require a child to attend college immediately after graduating high school. There are no age restrictions on when you can use your account to pay for college expenses. You also have the option of changing the beneficiary to another “member of the family”3 or taking a non-qualified withdrawal.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232