Curated Links: 02/26/2024 – What You Need to Know About Education Trusts

What is a Trust Fund? Everything You Need to Know

Trusts can offer financial protections, tax benefits, and even long term support to loved ones — making them an invaluable tool in Estate Planning. That being said, Trusts have complex legal structures that can make them challenging to understand. Learning more about Trusts can be intimidating, but it is a necessary step in the Estate Planning process.

Source: Trust & Will

Secret Tax Benefits of an Education Trust Fund

If you have children in paid-for education, or will do in the future, then an educational trust might help alleviate some of the pressure of these costs, but also save you on tax, too.

Source: Money Magpie

Building an Education Trust

Whatever trust you choose, remember that it’s always better to have an escape hatch, in case there’s an unexpected emergency, a tax-code change, or cash left over after beneficiaries finish their education.

Source: Penta

Funding Education? Consider A Trust Instead of A 529 Plan

For those who are so fortunate as to be burdened with potential estate tax issues, there may be a more advantageous approach that can both fund future educational costs, as well as reduce the donor’s potential future estate tax.

Source: Barrons

Peter Donisanu, ChFC®, AIF®

Peter Donisanu, ChFC®, AIF®, is Chief Wealth & Tax Strategist at Franklin Madison Private Wealth and previously served as a senior investment strategy analyst at Wells Fargo Investment Institute, where he contributed to portfolio guidance for institutional and private wealth clients. He works with high-net-worth retirees and pre-retirees on retirement planning, tax-aware wealth strategies, equity compensation, and sudden wealth preservation, helping clients approach major financial decisions with clarity, confidence, and peace of mind.