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You've set up a 529 account for your child's college education or opened a custodial account to manage their money—but have you avoided a costly mistake that could send your family to probate court? In this episode of Absolute Trust Talk, estate planning attorney Kirsten Howe highlights a critical oversight she repeatedly sees: parents and grandparents who don't realize their accounts require successor designations. Without proper planning, your loved ones could spend thousands of dollars in leg
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For the parent, a custodial account not only lets you manage your child’s assets, but it also provides a gift tax advantage (up to the maximum contribution allowed) and the flexibility to invest in any combination of investment products. Click here to learn more about Custodial Accounts and how you can help save for your child's future financial stability! 💸 https://bit.ly/38R7z41 | Firstrade
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