Do you have a son or daughter in college or entering college?
If you’d like more information or resources about paying for college, or the tax and gift tax consequences surrounding college educational expenses then read on.
We know that paying for one or more children’s college educations can be a real hardship for many of our clients and for families in Pennsylvania generally.
So, we periodically try to find articles, resources and information for our clients and our blog readers as a way of adding value, and helping out.
For more information from the IRS and Dave Frees about tax issues surrounding college educations, gifting and loans, you should review IRS FORM 970 at www.PaEstatePlanners.com
There are also numerous considerations in your will, trust, and/or estate planning as children get to college and toward the college years.
Do you have enough life insurance for the next few years of high college expenses?
Should the college money go into trust or into a trust under your will?
Should your spouse be the trustee? What if that caused higher taxes?
Is your power of attorney updated in case of accident or illness rather than death?
If you or a loved one need a review of your will, trust, power of attorney or of any estate planning documents, you can s also receive a complimentary telephone or personal consultation.
To receive your review just call 610-933-8069 and mention FREE WILL REVIEW.
IMPORTANT BONUS: For the first twenty readers who call, comment below, or email Dave Frees at dfrees@utbf.com for a free consultation, you will also receive a copy of Paying For College an interview with a college funding expert.
