Giving young children financial gifts is a great way to help them with the expenses they’ll face as they age. However, cash is easily spent right away. And even when it isn't spent, money tucked into ...
Editor’s note: This is the fourth article in a six-part series focused on paying for education using smart financial and estate planning. Part one is Direct Tuition Payments: A Tax-Efficient Way to ...
Home Taxes Tax Planning How to Slash Kiddie Taxes on Your Child's UTMA Account Gifts to children can come with tax strings. To keep your child's gift growing and avoid tax bills for yourself along the ...