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December 2023

Grand Ways of Making Completed Gifts to Grandchildren

Pennsylvania CPA Journal

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
Full Article