Grand Ways of Making Completed Gifts to Grandchildren

Private client associate Brian Balduzzi authored an article for the Pennsylvania Institute for Certified Public Accountants’ Pennsylvania CPA Journal that discusses a recent decision from the United States Court of Appeals for the Third Circuit that reinforces the importance of having a gifting strategy.

Balduzzi focuses on the topic of grandchildren acquiring accumulated wealth from their grandparents and notes that advisers and clients may benefit from discussing five types of gifting:

• Direct Tuition or 529 Payments
• Uniform Transfers to Minors Act accounts
• 2503(c) Minor’s Trusts
• 2503(b) Crummey Trusts
• 2642(c) Generation-Skipping Trusts