Education Planning for Minors

$135.00

SKU: 10160 Category: Tag:

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

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