Estate Planner Washington DC

Estate Planners in Washington, DC are attorneys that provide legal, as well as tax counsel and aid. They provide many different services, mainly in regards to wills, trusts, beneficiary appointments, and powers of appointment. Below you will find a list of Estate Planners in your local area.

Thomas A Frazier Jr
1317 F ST NW STE 350
WASHINGTON, DC
Specialties
Litigation, Probate, Trusts, Estate Planning
Education
University of Virginia,University of Virginia
State Licensing
DC

Anne W Geldon
(202) 383-0231
1275 Pennsylvania Ave Nw
Washington, DC
Specialties
Estate Planning, Tax, Trusts
State Licensing
DC

Thomas W Richardson
(202) 942-5171
1001 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Tax, Estate Planning
Education
University of Vermont,Rutgers University School of Law
State Licensing
DC

Mary E Cassidy
(202) 942-5565
1001 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Tax, Estate Planning, Personal Injury, Employee Benefits
Education
George Washington University National Law Center,State University of New York, Binghamton,State Univ
State Licensing
DC

Sara-Ann Determan
(202) 637-6588
1001 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Tax, Estate Planning, Administrative Law
Education
George Washington University National Law Center,University of Delaware
State Licensing
DC

Blake D Rubin
(202) 756-8424
1001 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Tax, Estate Planning, Real Estate
Education
Haverford College,University of Pennsylvania,University of Pennsylvania
State Licensing
DC

Kara A Tyler
1001 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Business, Financial Markets And Services, Tax, Venture Capital, Estate Planning
Education
New York University School of Law,Gustavus Adolphus College
State Licensing
DC

Joy Taylor
1001 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Tax, Estate Planning
Education
New York University School of Law,University of Houston Law Center,University of Houston, main campu
State Licensing
DC

Douglas Wayne Benson
(202) 383-0252
1275 Pennsylvania Avenue Nw
Washington, DC
Specialties
Estate Planning, Tax, Trusts
State Licensing
Virginia

Bridget M Weiss
(202) 942-5839
1001 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Tax, Estate Planning
Education
Northwestern University School of Law,Brown University
State Licensing
DC, Maryland

The 529 College Savings Plan as an Estate Planning Move



Let’s take a brief look at the 529-college savings plan as an estate-planning move. A 529 plan is not merely just a great vehicle to fund your child or grandchild’s future. A 529 plan is an excellent tool to remove money from your taxable estate. This will assist you in lowering your tax liability and keeping intact more of your estate for your loved ones once you pass.

All 50 states and the District of Columbia now offer some type of 529 savings plans. A 529 plan is a state sponsored savings plan that invests money on behalf of beneficiaries. The earnings are tax deferred from federal income tax and most states have programs that will defer state taxes. If your beneficiary uses the money from this fund for any qualified education purpose, the withdrawals will be free of tax.

There is a lot of competition between states that has lead to very large contribution limits. This is good news for you as you plan your estate. 529’s have extremely simple investment options- age based and individual portfolios. Basically, these college savings plans afford the family the ability to transfer wealth from generation to generation, free of income, estate and gift taxation.

So what makes a 529 college savings plan so attractive to an estate planner? They do not have any income limits unlike the educational IRAs. Almost everyone can qualify for a 529. And if you’re looking for a way to reduce your estate tax bill, this is a great solution. Take advantage of $11,000 in annual tax-free gift contributions. If you’re married that means you can contribute up to $22,000 for each beneficiary in one year. This is free from federal gift tax penalties. It is advisable to look into your state laws on gift planning for 529’s as they vary.



If you need to reduce the size of your estate you could contribute up to $60,000 (five years worth of gifts) in year one of a five-year period. Or if you’re married you can contribute up to $120,000. This is a good resource to transfer wealth by reducing the size of your estate and do away with estate taxes.

The account owner is always in charge of the plan’s assets. Even though the monies added are considered gifts, the owner does keep control. The donors can even take back the money for themselves or transfer the account to another beneficiary. If the owner of a 529 account were to die, the value of the account would not be counted in the estate. The account value would be in the beneficiary’s estate. The exception to this would be if you had made the 5-year election and passed before the 5 years was over. Then, the part of the contribution that was assigned to the years after your death would be included in your federal gross estate.

It is also very easy to move the money in an account through 529 rollovers or by changing your beneficiary. If you have a need to distribute your estate, you can set up 529 plans for a large array of family members. This includes children, siblings, grandchildren, uncles, aunts, stepfamily, cousins and so forth.

If you need to transfer wealth, look into 529 plans as part of your estate planning strategy. At the very least, the 529 college savings plan, as an estate-planning move is something to discuss in more depth with your tax professional. This is an extremely generous gift for your beneficiary. Imagine the reward of knowing you've provided someone with the gift of an education.