In This Issue:

- Saving for college is also good for your estate plan

- Will your estate plan benefit from a trust protector?

- Charitable deductions: Substantiate them or lose them

- Estate Planning Pitfall: You haven’t planned for incapacity

- Excerpt from Will your estate plan benefit from a trust protector?

You likely have several different types of trusts in your estate plan. In general, to achieve the greatest tax savings, these trusts must be irrevocable, thus requiring you to give up control over the trust assets.

Even though you appoint a trustee to oversee distribution of the trust’s assets, you can go a step further by appointing a trust protector. This person will serve as an overseer of the trustee’s actions. Taking this step can also provide you peace of mind because the trust protector has the power to alter the trust in light of changing family situations or tax laws...