Back to School: Educate Your Clients on Federal and State Law Changes to Section 529 Plans

Date: March 01, 2018

Publication: Probate Law Journal of Ohio

James Spallino, Jr.'s article "Back to School: Educate Your clients on Federal and State Law Changes to section 529 Plans" was featured in the March/April 2018 edition of the Probate Law Journal of Ohio.

Unlike self-made millionaire Thornton Melon (played by Rodney Dangerfield) in the 1986 movie Back to School, many of our clients have come to rely on Section 529 Plans, and the favorable federal and state tax benefits of those Plans, as a primary tool for saving for the skyrocketing higher education expenses of their children and grandchildren. However, your clients may not be aware that The Tax Cuts and Jobs Act of 2017 (the “2017 Tax Act”) and Ohio Senate Bill 5, which ultimately became part of Ohio House Bill 49 (the “Ohio Budget Bill”), quietly made improvements to the many benefits that 529 Plans offer.  

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Reprinted from Ohio Probate Law Journal, with permission of Thomson Reuters. Copyright © 2018. Further use without the permission of Thomson Reuters is prohibited. For further information about this publication, please visit, or call 800.328.9352.