What are the gift tax and estate planning benefits of CollegeBoundfundSM?
Contributions to CollegeBoundfundSM are considered completed gifts for federal gift and estate tax purposes, and can be excluded from your taxable estate. You can generally contribute up to $50,000 ($100,000 for married couples) for a beneficiary in a single year without paying federal gift taxes, as long as you don’t make any additional gifts to that beneficiary over a 5-year period.
