Estate Planning Summary

529 plans enjoy the best of both worlds in terms of income and wealth transfer tax mitigation. Due to their tax-exempt growth, 529 plans offer a highly effective use of a client's exclusions and exemptions. In nearly all situations, they are the most efficient vehicle for transferring wealth earmarked for education. In certain high-wealth situations, one can argue they also have a place as an inter-generational wealth transfer vehicle, regardless of eventual use of the funds.