Paying for the (Grand) Kids' CollegePaying for the (Grand) Kids' College
Rising tuition for college education is a daunting reality for many parents and grandparents. Even the very wealthy would prefer to pay for higher education in the most tax-efficient manner. So help clients plan well. There are a number of educational funding options to explore and integrate into financial and estate plans. The attractive 529 college savings plan, as well as other educational funding
January 1, 2008
Sharon L. Klein
Rising tuition for college education is a daunting reality for many parents and grandparents. Even the very wealthy would prefer to pay for higher education in the most tax-efficient manner. So help clients plan well. There are a number of educational funding options to explore and integrate into financial and estate plans. The attractive 529 college savings plan, as well as other educational funding tools and strategies, can offer substantial benefits. Often, it's a combination of techniques that yields the most advantageous results.
Annual Exclusion Gifts
Sometimes the simplest approach is best: One strategy is to leverage the use of annual exclusion gifts. As we know, every U.S. citizen and resident may make tax-free gift...
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