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Can the same person be named as beneficiary on more than one account?

April 26, 2017account Beneficiary named person

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Can the same person be named as beneficiary on more than one account?

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Yes, multiple accounts can be opened for one beneficiary. For example, a parent and a grandparent can each open an account for a beneficiary. However, contributions can no longer be accepted once the total for all accounts for that beneficiary exceeds $320,000.