May 14, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours
There is a bewildering array of estate planning vehicles available to clients who want to provide for the educational expenses of children or others. They range from state-sponsored plans that are comparatively inflexible but tax-favored to private plans that are more flexible but might carry fewer financial incentives. The tax treatment of these vehicles – form statutorily-defined plans to various forms of trusts to custodial accounts – vary widely. There are also issues of control (how soon does a child or other beneficiary gain control of the funds, if ever?), the eligibility of beneficiaries, and what type of expenses may be covered. In each alternative, there are sophisticated tax, financial control and other tradeoffs. This program will provide you with a framework for understanding the range of alternatives and the practical financial, tax and control tradeoffs of each alternative.
Blanche Lark Christerson, Deutsche Bank Private Wealth Management, New York