My Nephew has 3 kids [Ages 3,9 &11], each of whom I would like to start investing ~$100/month (total for all 3 kids) to help with their college expenses. I don't want my nephew or his wife to know about this until just before their eldest goes to college. I'm thinking I want to open up a 529 for each child, but I don't want to mess up their chances of getting financial aid either. Is there a better way that I'm missing? Please let me know your thoughts.
PS: Currently, I live in CA & they live in AZ.
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