Nevada State Treasurer’s Office’s Post

“Grandparents have always helped out with school fees, and in a way it’s quite smart because [that money] won’t be subjected to inheritance tax."  Our managing editor, Melanie Sanderson, recently joined a conversation in the Telegraph, discussing the growing impact of rising school fees on grandparents who choose to invest in their grandchildren's education. Read here: https://lnkd.in/eU4Yq9-T #education #independentschools #thetelegraph

Average annual school fees for day pupils at private schools in the UK in 2022 were over £14,000. With a potential 15 years of fees, if your child attends from three to eighteen, the cost of attending a private school could easily hit £200,000. And that’s before you take any siblings into account! School fees paid by parents are generally exempt for Inheritance Tax (IHT) purposes, but many will need additional help to support the cost of their child’s education. Grandparents may step in, however IHT implications are likely to be greater for them. If you’re considering contributing to school fees for your grandchildren, early conversations are vital. Emma McCarthy, Partner in the HCR Private Client team in our Thames Valley office, regularly advises individuals on the best ways to provide for their extended family, including the use of trusts. Read Emma’s article to find out more here: https://lnkd.in/gZ976Jwc You'll want us on your side. #PrivateEducation #InheritanceTax

For many parents, yesterday was the perfect day to show off their kiddos heading to “big boy” and “big girl” school. While I found it amusing that they felt the need to specify "big boy" or "big girl" instead of simply saying their kids were off to school 🤪 It got me thinking about parents sending their children to post-secondary for the first time. These parents may be navigating Registered Education Savings Plan (RESP) withdrawals or considering opening an RESP for the first time. Here's a guide with tips and key terms to help you make the most of your RESP withdrawals. The biggest tip - RESP withdrawals are not only for tuition—they can cover all education-related costs varying from textbooks to accommodation & meal plans. Have a read and share it with another parent - whether they are RESP first-timers or RESP OGs 😎 #financialliteracy #wealthmanagement #RESPs #RegisteredAccounts

Did you know? 52% of Canadian children under the age of 18 have a Registered Education Savings Plan (RESP) opened for them. This means that a significant portion of Canadian families are taking advantage of RESPs to save for their children's post-secondary education. If you don't have an RESP set up - Let's talk about getting started. Have an RESP? - Are you locked in with your current advisor or are you open to a second opinion? #ExperiorFinancialGroup #ChildrensEducation #FinancialFuture #Wealth #FinancialFreedom #Children #SavingsPlan

📚 BACK TO SCHOOL ALERT! Hello guardians/parents, As we gear up for the new school term, we understand the importance of securing your child's education. Here are some messages making the rounds this week: 📌 Message 1: "Secure your Child's Education with our School Fees Loan. Quick processing, Low-Interest rate, and easy payment plan. For more information, kindly contact us through -07*******" 🤔 Choices for preparing your children's education: 1️⃣ Save + earn interest = get paid; pay fees 2️⃣ Don't save + borrow + pay interest; pay fees 3️⃣ Don't save + get an employer to cater to your children's fees; pay fees 🤝 You get to choose your option! If your choice is no. 1, DM your contact for more information. #BackToSchool #Education #SchoolFees #Parenting #FinancialPlanning

📚 529 Plans: Give Your Child the Gift of Education Grandparents, secure your grandchild's academic future today! 529 plan perks: ➡️ Tax-free growth for education ➡️ Potential estate planning benefits ➡️ Control over the funds 💡 Want to leave a lasting educational legacy? Let's explore 529 plan options for your grandchildren. Book a consultation now!#GrandparentGiving #529Plan #EducationSavings

We all know that an #RESP is a terrific way for parents to save for post-secondary education for their children, along with grandparents, but do you know what to consider from an estate planning perspective?

Are you interested in helping students impacted by the recent hurricanes? Consider giving to FNU's Student Emergency Fund. Students experiencing unexpected circumstances can request financial assistance from this scholarship to ensure they are able to continue their education at Frontier Nursing University. Applications should be submitted within 3 months of the event. 1) Visit frontier.edu/give 2) Click "Make a Gift" 3) Select "Student Emergency Fund" in the drop down menu

5-29 day! What questions do you have about how 529 work? Here are some I have heard in the past year: -Can grandparents contribute? -Is this good for my kids if they don't go to college? -How long do I need to leave dollars in the account? -What website should I use? -Can I transfer out of a different state? Busy parents a million and one things to worry about...don't let education savings strategies be another stress to add to your plate! #plannng #college #529

Missouri needs to update its education funding formula. Missouri's outdated school funding formula leads to overfunding in some wealthy districts and allocates money to districts for students who no longer attend school there. Hold-harmless provisions, initially intended as a temporary measure during the transition to a new formula, have now been in place for nearly 20 years. Additionally, the formula only provides extra funding to specific subgroups, like low-income students or those with disabilities, instead of targeting additional resources to all students in need. Learn more in the 2025 Blueprint: https://bit.ly/4iiQdBr