Stites on Estates

Tag Archives: college funding

Design Options for Education Trusts

Posted in Estate Planning, Life Cycle Estate and Financial Planning, Trust Administration
I often work with “Wealth Creators” who have built substantial wealth themselves, most notably as founders of companies or early-stage employees at startups. I also work with “Inheritors” managing wealth built in prior generations for the benefit of descendants. Although every instance has unique aspects, in general, I find that Wealth Creators have conflicted feelings about what being… Continue Reading

Overfunded 529 Plans: Avoiding Too Much of a Good Thing

Posted in Income Tax Planning, Life Cycle Estate and Financial Planning
The expense of college for children and grandchildren is a troubling issue for almost all of my clients. I think this is because at an instinctual level, long before crunching any numbers, clients know what the charts below show: college costs have gone truly exponential in the last one and a half generations, far outstripping… Continue Reading