Last week in our Geyer Law blog, discussing college planning after a parent dies, we discussed the important role college funding plays in estate planning for both parents and grandparents. A recent piece in Kiplinger's, in contrast, discusses the very broad - perhaps...
"And no matter what, there's not one thing in this world or the next that we can do or hope or guess at or wish or pray that can change it or help it one iota," James Agee wrote in the book A Death in the Family. "The loss of a spouse can upend a family's future,"...
In Indiana, age 18 is the age of majority. Before children go off to college, there are four important documents they should sign.
Annual gifts represent a way to plan one’s estate methodically.
Law change will help grandparents help their grandchildren with college costs…
Putting your affairs in order truly requires a number of different people, from your homeowners’ insurance agent to your tax advisor, property inventory specialist, and family members.
Grandparents who took out student loans to help children or grandchildren – or adults who borrowed to pay for education after being displaced during the recession are now faced with the possibility of dying with the loans still unpaid. Some loans will be discharged on death; for others, life insurance can fund the repayments.
Clients can make five years’ worth of gifts to a 529 education plan for a child or grandchild, claiming a federal gift tax exclusion for the full amount. There are at least four reasons clients might want to do this:
As the calendar year draws to a cose, it’s time to coordinate your tax and estate planning.
The time is fast approaching when many young adults leave the nest and head for college. But, just as the famous American Express commercial cautions consumers not to “leave home without it”, referring to a credit card, at Geyer Law we caution students not to leave...
