Description

Explains the requirements, advantages, disadvantages, and tax implications of 529 plans and Coverdell accounts. Describes the benefits and drawbacks, including the tax implications, of custodial accounts. Describes the fundamentals of 2503(c) trusts. Explains the requirements for using savings bonds for education planning. Discusses Crummey trusts, including the advantages, disadvantages, and the tax implications of the trusts.

What You’ll Learn

After completing this course, students will be able to:

Discuss the use of qualified state tuition plans;

Explain how a Coverdell Education Savings Account is used for college savings

Explore the role of custodial accounts

Describe the use of 2503(c) trusts

Examine how savings bonds are used for education planning

Recognize how Crummey trusts are used in estate planning

Additional information

Audience	Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.
Length	Approximately 40 minutes
Credits	1.00 CTFA
Member Price	135.00
Non-Member Price	185.00
Course Number	ABA
Location	Online Self-Paced
Vendor	ABA
Course Code	ABA
Prerequisites	None
Day	Online