Paying for a (Grand) Child’s Education: Making Educated Choices
Back-to-school time is full of excitement for students . . . and perhaps some trepidation for parents and other family members who have to foot the ever-increasing bill. Whether parents are paying for education expenses directly or whether an older generation of a family wants to make a positive difference in the lives of younger generations, providing funds for education is a way of leaving descendants with a lasting legacy. Because the cost of higher education has risen drastically, it is even more important to evaluate college funding alternatives, including income, gift, estate, and generation-skipping transfer tax consequences and the impact of different techniques on financial aid. In this webinar, Sharon Klein, EVP, President of Family Wealth, Eastern U.S. Region, for Wilmington Trust, N.A., will present strategies for funding education for the younger generation. Attendees will gain insight into tax-free options such as direct or prepayment of tuition, annual exclusion gifts including state-level statutory accounts, Crummey trusts, 2503(c) trusts, and 529 plans, as well as strategies for taxable gifts, such as dynasty trusts and health and education exclusion trusts.
Presented by: Sharon L. Klein, JD, LLM
CLE: 1.0 general credit
Approved States: CA, CO, FL, GA, IL, NJ, NV, NY, OH, OK, PA, TN, TX, UT, VT
(AK, AZ, CT, MO, ND, NH eligible to claim credit.)
We will supply you with the information needed to apply in other states.
Contact shopcle@wealthcounsel.com for CLE assistance.
WealthCounsel members: This CLE eligible program may be complimentary for WealthCounsel members, depending upon their subscription bundle. Please access and view it here via the member website for optimal experience and inclusion in your CLE Profile Account.
