Saving For College On A Tax Favored Basis: The 529 College Savings Plan
Kids grow-up fast. Before you know it, they are ready to embark on their college careers. Unfortunately, the cost of college tuition has escalated substantially over the last 20 years, placing a significant financial burden on parents, grandparents and students alike. I recently performed an informal survey to find out what some California colleges are.. read more →
2012 Is A Great Year To Make Gifts
The estate and gift tax law is constantly changing. In 2012, this law is very favorable for anyone inclined to make gifts to family members or friends. Generally, any transfer of cash or other assets that you make to another person without consideration during your lifetime is subject to gift tax and the requirement that.. read more →
What happens to lucky lottery winners? Some wind up in court.
Lotto fever recently spread throughout California when the Mega Millions lottery jackpot reached a high of $656 million – the world’s largest jackpot to date. Unfortunately, no one in California won the big prize. When we experience high lottery jackpots like this one, I sometimes wonder what happens to the lucky winners after they claim.. read more →