Your clients, a married couple, are both in their 80s and have a combined estate of $50 million. They have grandchildren and greatgrandchildren and wish to help with college education. They would like to reduce their gross estate and want to know what educational vehicles they can use for funding future educational expenses. Which of the following statements is not correct?

Group of answer choices

a.With giftsplitting, they can fund $150,000 for each grandchild beneficiary in a 529 plan with no current year gift tax issues other than the filing of Form 709.

b.Changing a 529 beneficiary may result in generationskipping transfer tax (GSTT).

c.If one of them passes away 3 years after making a $75,000 contribution to a 529 plan, $30,000 is included in his gross estate.

d. A 529 plan beneficiary may change the account owner at any time without tax consequences.