3 Key Strategies for Funding Educational Expenses

Clients often ask us how to plan for educational expenses for their children or grandchildren. According to the College Savings Plans Network, at an inflation rate of 6%, it will cost about $276,954.00 to send a child who is currently a toddler to an in-state, public...

Modification and Termination of Irrevocable Trusts

  “This irrevocable trust no longer meets our needs, what options do we have?” This is a question that clients periodically ask. A recent Pennsylvania Supreme Court case, In re Trust Under Deed to Walter R. Garrison, illustrates a trend among states to grant...

5 Key Annual Requirements for Private Foundations

Private foundations, also known as “family foundations,” can serve strategic wealth planning goals for high-net-worth individuals while also serving charitable goals. However, private foundations require oversight and annual reporting, and administering a private...