Families with college bound children face the hurdle of paying for tuition, books, room and board, and other expenses.  While there are many savings options, one of the most popular is the “529 plan.”  This article discusses 529 plans and how they can help with estate planning and saving for college. A 529 plan is…

In a trust administration, a “reserve” is money the trustee retains for a period of time after the trustee believes the trust administration is complete. The key here is the world believes, because sometimes, when it seems all the work is done—property sold, tax returns filed, taxes paid, creditors’ claims extinguished, and beneficiaries’ gifts distributed—things…

Almost half of all Americans under the age of 30 do not save for retirement.  Further, there appears to be a disparity between what many millennials believe to be good financial planning, and what they practice.  According to a Wells Fargo Millennial Study conducted early in 2016:   85% of millennials say that saving for…

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