We recently posted a blog article on the choice between gifting to a 529 Plan or a Minor’s Gifting Trust. There is a third option – transferring assets to a custodial account for the benefit of a minor. In New Jersey and New York, these gifts would be made under the Uniform Transfers to Minors
Custodial Accounts
5 Tips to Smart Estate Planning When You Have a Special Needs Child
Posted on
Posted in Estate Planning, Special Needs Trusts
Families who do their best to protect their children with special needs often make several critical mistakes in developing their family plan. Lori Wolf and Mary Browning of Cole Schotz recently wrote an article for NJ Family about smart estate planning for a special needs child. Click here to read the article.
Five Mistakes Commonly Made By Families of Special Needs Children
By Lori Wolf on
Posted in Estate Planning, Special Needs Trusts
Families who do their best to protect their children with special needs often make several critical mistakes in developing their family plan. These mistakes are outlined below.
- 529 Plan. Often there is a 529 Plan in the name of a special needs child. The existence of this account in a child’s name can affect
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