Assisting a child or grandchild in paying for his or her college education is one of the greatest gifts that can be given through estate planning. This is often accomplished through creating a 529 college savings plan or trust account. As with all estate
Develop a Plan for Your 529
Many parents create 529 plans in order to provide for the college education of their children. Essentially, a 529 plan is a tax-advantaged, education savings plan. As a recent article explains, parents who create 529 plans need to include them in their es
How Much Money Should You Put in a Trust for Your Children?
Every parent should have a trust to provide for the financial well-being of their children in case some tragedy should make it necessary for someone else to care for their children. A trust can be funded while the parent is still alive, or can be establ
