The cycle continues: Your adult children — one of the first generations to benefit from Section 529 plans — are saving for their kids’ college educations through 529 accounts of their own. Did you know that parents aren’t the...more
Providing for the educational needs of your children, grandchildren and even future generations is an honorable estate planning objective. What are your options for achieving this goal? A 529 plan can be a highly effective...more
Now that fewer people are subject to federal gift taxes, because of a generous $11.58 million lifetime gift tax exemption for 2020, a question many are asking is: “Do I need to file a gift tax return?” The short answer is...more
In This Issue:
- Sudden impact: When a spouse unexpectedly dies
- New tax law affects estate planning strategies
- All in the family: Transferring your vacation home
- Estate planning pitfall: You haven’t planned for...more
2/7/2018
/ 529 Plans ,
Death Certificates ,
Estate Planning ,
Estate Tax ,
Gift Tax ,
Gift-Tax Exemption ,
Long-Term Care ,
Real Estate Transfers ,
Surviving Spouse ,
Tax Cuts and Jobs Act ,
Tax Exemptions ,
Tax Rates ,
Tax Reform ,
Vacation Homes
As summer vacations wind down and thoughts turn back to school activities, people might find themselves reviewing their finances and considering the options for funding their children’s (or grandchildren’s) college...more
In This Issue:
- An uncertain tax climate: An estate tax repeal might result in negative tax consequences for some families
- A 529 plan can benefit your estate plan
- Would a spendthrift trust help achieve your...more
Late last year, Congress passed, and the President signed, the Achieving a Better Life Experience (ABLE) Act. The act authorizes a new, tax-advantaged savings account, modeled after the Section 529 college savings account,...more
A 529 plan is one of the most powerful and flexible tools available for college savings, but it also provides some unique estate planning benefits. This article explains how 529 plans work for savings purposes, but also notes...more