You may have seen commercials for them on television, or heard advertisements for them on the radio. But what exactly is a 529 Plan anyway? In short, it's an education savings account; but there are different types, and multiple benefits. There are also strict rules that need to be followed, which we will discuss in a future blog. For now, our American Academy of Estate Planning Attorneys colleague, Attorney Steve Hartnett, breaks down the basics in his latest blog. Click here to read on.
The following is the final installment of our American Academy of EState Planning Attorneys colleague, Steve Hartnett's 6 part series on important estate planning considerations. Here, Attorney Hartnett advises considering the tax implications when drafting your plan, outlining things for clients to consider for not just themselves - but also for potential beneficiaries. Click here to read more.