Gifting, estate & legacy planning

Most parents can’t cover 100% of their son or daughter’s college education. With the gift options from the MI 529 Advisor Plan, you don’t have to. A unique part of the plan is the capability to give and receive gift contributions from friends and family — making supporting a child’s future education a win-win for everyone. Your account may grow faster. And in certain cases, the contributor can receive state tax benefits and incorporate the gift into their overall estate and legacy planning. Consult your tax professional.

Asking for & giving gift contributions

Friends, grandparents, aunts and uncles all want to see your child succeed as much as you do. Let them know about the account and how easy it is to make a gift contribution through Ugift or by using the additional contribution form. Chances are they’ll want to help — even more so once they learn that giving can reduce their taxable estate.

Gift certificate

Want to make a contribution to a special someone’s MI 529 Advisor Plan account? Download our gift certificate for any holiday or event from baby showers to birthdays.

With the Ugift^® option, you get an easy, secure way to ask friends and family for electronic gift contributions. The service is included when you open your account and is free of charge. 

How to Ask for Ugifts

1. Once you have registered and set up online access for your account, select the Ugift link from the "My Accounts" page.
2. Once you are on the Ugift page, a unique Ugift code will be provided for each account.
3. Friends and family can use your Ugift code at any time to easily make gift contributions at Ugift529.com.
4. You can share your Ugift code using Ugift’s email, Facebook, Twitter, or printed party invitation inclusions.

Legacy & estate planning

Making a larger contribution to your MI 529 Advisor Plan account for your child or loved one can help future plans – theirs and yours.

• Contributions to your account are removed from your estate free of gift tax, up to the federal gift tax exclusion of $38,000 (joint) or $19,000 (single) per year per child.
• With accelerated gifting, a feature unique to 529 plans, you can remove an even larger amount from your taxable estate by making a lump sum contribution of $190,000 (joint) or $95,000 (single), and pro-rate the federal gift tax exclusion over 5 years (consult your tax professional and see Plan Description for more details).
• You can make contributions up to the federal gift tax exclusion amount to as many children or beneficiaries as you like, free of the federal gift tax.

Why not save more?

College savings calculator

Want to see if you are on track with your education saving goals? Try our proprietary College Savings Calculator to get a detailed personalized view. In addition, you can always consult with your financial professional.

Recurring contributions

A good way to help your account grow is to make sure it’s a normal part of your monthly bills. Recurring contributions make payments easy and predictable, so it becomes a regular, expected expenditure within your monthly budget.

An added benefit of recurring contributions is the power of dollar cost averaging. In other words, putting new contributions consistently into your MI 529 Advisor Plan account over a period of time. See it in action.

Save trees with eDelivery. Think green.

We’re fond of paper… in its original form. Go paperless with eDelivery. We encourage all account owners to go paperless with eDelivery. Simply login and click “Set up eDelivery” on the homepage. Once setup, you will be notified by email each time a transaction or statement is posted to your account.