In honor of National College Savings Day / National 529 Day – which is Sunday, May 29 – let’s dive into a few savings and investment options that you can use to help fund your child’s higher education.
Let’s go over the basics
UTMA stands for Uniform Transfer to Minors Act, and UGMA stands for Uniform Gift to Minors Act. Both UTMA and UGMA accounts are custodial trust accounts whereby a grantor (e.g., a parent) can transfer assets into the trust for the benefit of a child. Custodial account means that the grantor, as the custodian, must manage the money as a fiduciary for the benefit ...
Did you, or someone you know, lose a loved one to COVID-19? If so, you may be able to apply for assistance with the funeral expenses, even retroactively.
Under the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 and the American Rescue Plan Act of 2021, the Federal Emergency Management Agency (FEMA) is providing financial assistance for COVID-19 related funeral expenses incurred after January 20, 2020. And on June 29, 2021, the funeral assistance policy was amended to also assist with COVID-19 related deaths that occurred in the early months of the pandemic ...