As the cost of education continues to increase, funding a 529 Plan can provide invaluable investment and gifting opportunities for education-focused families. Cash gifts to 529 Plans grow income tax deferred if used for qualified education expenses. Contributions to a...
Archives
Posts for 'Mary G. Wilson'
Duly Noted: Planning with Intrafamily Loans
I. Overview of Promissory Notes Promissory notes are commonly used within the Private Client Services practice at Wilchins Cosentino & Novins LLP, as financially established clients may want to help their adult children purchase a home or encourage entrepreneurial...
The Scope of Long-Term Care
One common concern that clients raise at initial estate planning meetings is “long-term care needs.” Depending on a client’s age, health and financial situation, “long-term care needs” can describe a variety of situations. “Long-term care,” although most often...
WCN Posts