Article On Dynasty Trusts & 529 Plans For Education Savings

Susan T. Bart (Sidley Austin LLP) recently published an article entitled, Saving for Education: Creating Educational Dynasty Trusts Using 529 Plans, 40 ACTEC J. 197 (2014). Provided below is an excerpt from the article:

Some clients may view the opportunity of education as the greatest legacy they can leave to their descendants. Others may simply appreciate the additional estate and gift tax benefits of funding education for their descendants, as well as the income tax benefits of using 529 savings accounts. In either case, a Dynasty Education Trust should be just one part of the client’s education funding plan. Further, 529 savings accounts may be only a portion of the investments of the Dynasty Education Trust.