529 Plans in a Nutshell

There’s a lot of talk about student loan debt and the rising cost of college education.  One tax effective solution for clients who want to help their children or grandchildren with this rising cost is a 529 plan.  In this episode, our guest David Oh will review the basic rules of 529 plans and discuss what clients should consider when setting up such plans. He will also examine the tax and financial differences between 529 plans and other gifting options. 

David Oh (Trust Counsel and Managing Director for Fiduciary Trust International of California) is a senior trusts and estates advisor with broad experience in estate planning and trust administration. He advises clients on matters including tax planning, tax compliance, wealth transfer techniques, and charitable strategies. He earned a Master of Laws (LLM) in taxation at Boston University School of Law, Juris Doctor from University of the Pacific, and Bachelor of Arts in legal studies from University of California at Berkeley. He is a Certified Specialist in both Taxation Law as well as in Estate Planning, Trust and Probate Law by the State Bar of California. David sits on the boards of Continuing Education of the Bar and the Estate and Gift Tax committee of the California Lawyer’s Association.  David can be reached at: [e-mail] David also presented a webinar entitled 529 Plan Basics for Estate Planning, which can be found here: Education – California Lawyers Association (calawyers.org)

Host Anna Soliman is Trust Counsel and Managing Director for Fiduciary Trust International of California out of the Los Angeles Office. Prior to joining Fiduciary Trust International, Anna was an estate tax attorney for the Internal Revenue Service and also worked in private practice, specializing in estate planning and trust administration for ultrahigh net worth individuals.  She is also a TEXCOM member and is involved with the Fiduciary Income Tax Section of the American Bar Association.

Trust Me is Produced by Foley Marra Studios.

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Trust Me is Produced by Foley Marra Studios
Edited by Cat Hammons and Todd Gajdusek