How is a 529 Plan Treated, If It’s Inherited?

How is a 529 Plan Treated, If It’s Inherited?

If a family member who has 529 accounts dies are those accounts considered part of their estate? Let’s start by defining a 529 plan. A 529 College Savings Plan is a special type of investment account created pursuant to Section 529 of the Internal Revenue Code...
Don’t Go Overboard on Retirement Spending

Don’t Go Overboard on Retirement Spending

Strike a balance between enjoying yourself and keeping an eye on your retirement budget. You may need your retirement funds to last for a lot longer than you once thought. People who enjoy shopping as a recreational activity may find that it does serious harm to their...
Protect Your Family With an Estate Plan

Protect Your Family With an Estate Plan

Documents are at the heart of your estate plan, but they have to be created with your unique situation in mind. Not having them, or not having the right ones, could put you and your children at risk, before and after your demise. Everyone over the age of 18 should...