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Here's our situation.

So my brother and sister-in-law surprised us by opening a 529 for our newborn son.

Oh.

And at first we were, yeah, at first we were appreciative.

But when we asked how it works, since we didn't really know much about the logistics of

529, they revealed to us that we can't contribute since the 529 is under their name

and that we would have to ask for permission, their permission for how the money is going

to be later deployed. Now, for us, it doesn't really still right going to my older brother

to ask for money for my son's college, let alone getting their decisions for our son's

education. Yeah, 100%. 100%.

This is crazy, Paul.

Why would they do that?

Like, I don't understand why they went and just open it up in the child's name and then

hand you guys over the account.

Why do they want control over that?

That's kind of the part of the question that we're talking about today.

It's number one, just understanding 529.

But also just more than handling family logistics for this. that we're talking about today is number one just understanding 529. Okay.

Also just, um, more almost handling family logistics for this.

Now, just to add context, I do work in family business specifically for my brother, right?

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