Successful Strategies to Support Education

Education is the gift of opportunity to achieve one’s potential, and financing education for children and grandchildren can be one of your client’s most important and expensive undertakings.

Techniques for financing educational costs include § 529 plans, § 2503© trusts, § 2503€ payments, Crummey trusts, UTMA custodial accounts, and health and education exclusion trusts. Learn the benefits and risks of the available options and how to coordinate multiple techniques to achieve your client’s goals, optimize tax benefits and maintain flexibility.

Learn to:

• Explain the benefits and risks of the available options to your clients
• Provide clients the best combination of strategies to meet their goals
• Coordinate different strategies
• Advise your clients on managing 529 savings accounts to avoid adverse tax consequences
• Use 529 savings accounts inside of trusts to fund college for multiple generations
• Avoid potential potholes