Planning is important when providing for your children or grandchildren. But planning for their education has special importance and may have special advantages. This article by my friend and colleague Steve Hartnett, an estate planning expert, looks at how 529 plans may have tax advantages when providing for education. Further, the article looks at how such a plan may provide asset protection in bankruptcy, as well.
529 Plans: Planning for Education with a Tax and Asset Protection Bonus
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
Latest posts by Timothy P. Murphy (see all)
- Should In Re Gregory Hall Trust Change the Way We Think About Amending Trusts? - June 8, 2023
- Understanding the Role of Life Insurance in Estate Planning - June 6, 2023
- What It Means to Disclaim - June 4, 2023
Leave a Reply
You must be logged in to post a comment.