I established a 529 plan for my daughter for her master's
degree, but she did not go for graduate study. She had twins,
and she opened 529 accounts for them. Should I transfer the
money to their 529s or keep ownership? I am 67, and the
grandkids are 1 year old.  If I keep ownership and if by chance
I die before they are college age, what happens?  Augusta, Ga.
If you now want the money to go to your grandchildren's college
costs, probably "the easiest way to go" would be to make your
daughter the owner of the 529 you originally set up for her,
says Joseph Hurley, founder of Savingforcollege.com. Most but
not all plans allow that. Your daughter would then be in control
of the account and be able to divide the money into separate
accounts for the twins—including by moving those dollars into
the 529 accounts she has already established for them.  A prime
reason not to transfer ownership would be if you think you might
need the money for yourself later in life. In that case, Mr.
Hurley says, you could just chang