Funding a child’s education is an important goal for families, and consequently affects your financial plans. Opportunities exist in which modern funding strategies can have a significant positive impact on your income taxes and estate taxes, as well as on your family’s overall financial position. There are a number of ways to establish strong education-funding plans for your children or grandchildren. When evaluating education savings programs, we take the following aspects into consideration:

• Personal and family goals
• Retirement status
• Income tax bracket and estate tax liabilities
• Gifting
• Profile of children or grandchildren

Education funding options may include:

• 529 plans
• Unlimited lifetime gifts
• Any other applicable funding options