There is a new benefit available to families with minor children: a 530A account commonly referred to as the Trump account. Every parent owes it to their child to look into the possibilities.   What Is a Trump Account (530A Account)? The Trump account is a tax-advantaged IRA-like account that is designed specifically for children. Trump accounts become available July 5, 2026. Opening the account starts with filing Form 4537 or using...

Always finish the job. In this case, the job is completing your estate planning documents. You might think that you are finished once you sign the documents. You would be wrong. The final act is to talk to the agent you named about his or her duties under the documents. Today, we will focus on your Durable Power of Attorney. In this document, you designated an agent to handle your financial...

Why You Still Need to Talk to Your Medical Power of Attorney Agent Congratulations on signing your estate planning documents! I am so sorry to be the one to tell you, but there is still one big task left to do: you should instruct your agents on their duties. I understand that may be intimidating, so let’s do a bit of role-playing to help get you through it. A Scripted Conversation With...