Darcy K. Houghton
For the Nevada Appeal

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September 4, 2012
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Darcy K. Houghton: It's back to school time

It's back to school time. Does that impact estate planning? It might! Understanding both the income and estate tax issues associated with college planning is challenging as the income tax and gift tax codes do not necessarily work in harmony.

We all continue to hear about saving for college, and there are many vehicles and reasons. One reason to save is to accumulate sufficient funds - the other is to participate in a plan that will utilize time to avoid gift taxes.

The gift tax code pretty much says that anything given to anyone is a taxable gift - including …

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The Nevada Appeal Updated Sep 4, 2012 12:44AM Published Sep 4, 2012 12:43AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.