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Tips From the Pros: Having it All—Flexibility, Protection and Tax Mitigation—Using a 529 Dynasty Trust

Gail Cohen shares how holding a 529 plan in a dynasty trust can safeguard a client’s funds from income tax and maximize savings for beneficiaries.

Clients look to their advisors for advice on achieving their financial goals; one of our clients’ most frequently expressed financial goals is assuring that there are sufficient funds to pay for the educational costs of their children and grandchildren. There are many strategies available to achieve this goal. Often, advisors recommend the use of a trust because of the protection and control it provides. But while trusts are excellent structures, they provide no income tax savings. On the

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