Estate Planning
Trust
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Can an UGMA/UTMA account reduce my child's financial aid for college?
It can, but in the same way that any other asset held by your child can.
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Should I establish a trust for my child's college education fund?
The answer depends first on your financial objectives and then on other factors that will influence those objectives.
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What is a Crummey power?
A provision contained in certain irrevocable trusts that permits specified beneficiaries to withdraw gifts for a limited period of time.
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What is a living trust?
A living trust is a separate entity that you create while you are living to "own" property, such as a house, boat, jewelry, or mutual funds.
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