Federal estate taxes are no longer a problem for all but the extremely wealthy. However, several states have their own estate taxes and inheritance taxes that could still hit your heirs.
Estate Planning for Children. Some Key Documents Should Be Considered Before Sending Your Child Off to College
A critical item is often missing from back-to-school college checklists — and it could be far more valuable than anything else your student takes to school this fall: signed legal documents.
As government programs do not cover all expenditures related to these categories, ABLE accounts can be used to pay for shortfalls.
Avoidance of estate taxes is one consideration in estate planning.