COLLEGE FUNDING

Higher education is more expensive than ever. How should you plan for it?

It can be a confusing topic. Should you use prepaid tuition plans, 529 plans, Coverdell accounts or custodial accounts?

Each of these strategies has its advantages and disadvantages. The cost structure and tax consequences can be significant as well.

We’ll help you sift through the options and make the appropriate recommendations, including:

  • In-state vs. out-of-state 529 plans
  • Outright gifting to minor children and grandchildren
  • Coverdell savings accounts
  • Titling of child and adult assets to improve financial aid (FAFSA) consideration

College funding is a core area of family wealth planning. We are here to advise you so that you can prepare appropriately.

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