Financial priorities change when you become a parent. It is important to know what investments you should make today to best prepare for your child’s future.
An estate plan is a tool available to you to protect, and deploy your assets while you are alive, and ultimately to direct the dispersal of your assets after you die.
The “kiddie tax” is a tax imposed on the unearned income of a child. It was created to prevent parents from shifting their unearned income to their children to lower their tax liability.