Implement the comprehensive college admission strategy that works best for you. Both you and your student should be well-prepared before it’s time to begin the college application process. Developing a college planning roadmap will help you avoid the anxiety of a high school senior year crunch.
ACTEC Fellow and President of Family Wealth for Wilmington Trust’s Eastern U.S. Region, Sharon Klein, shares her insights on this ACTEC podcast about protecting assets before marriage and after a divorce. Listen to podcast This podcast is for general information only and is not intended as an offer or solicitation for the sale of any financial product, service or other professional advice. Professional advice always requires consideration of individual circumstances.
This article reprint was recently published in the July issue of Trusts & Estates magazine.The 2017 Tax Cuts and Jobs Act (the Tax Act) altered the way that income from certain trusts is taxed in the event of a divorce.Practitioners should carefully consider the tax impact of every trust created during a marriage in the event the parties get divorced in the future.