Friday, July 31, 2009 Press Coverage of Estate Planning This Week (July 31, 2009)Taylor Smith of Dow Jones Newswires writes about using college savings plans, known as 529 Plans, as an estate planning tool where children or grandchildren anticipate attending college or graduate school. It is possible to front load these plans up to five years in advance, so you can quickly get a lot of money out of your taxable estate. See Using 529s for Estate Planning (July 24, 2009).
Peg Eddy writes in the San Diego Daily Transcript about the need to ensure financial stability for a departing business owner when crafting a business succession plan. If the owner's financial future remains uncertain, any number of stumbling blocks may arise that prevent a successful transition. See Passing the Baton: Financial Fitness Key to Succession Planning (July 29, 2009). |