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Enron Mail |
< Earlier this week some significant changes in legislation were passed by < Congress. < Of particular interest were the significant changes to estate taxes which < will eventually be < eliminated In the file below we have provided you with a summary of the < provisions contained in the < Conference Agreement for H.R. 1836. < < We recommend you review page 9, section V. which summarizes the changes < and eventual elimination < of estate taxes. Also, an important change which positively affects < college savings through 529 plans waas passed. < Under the legislation, withdrawals for qualified expenses are now < tax-free. As a review, the 529 plan allows < you to save for your children's, grandchildren's..etc. education. The < assets grow tax-deferred, assets can be withdrawn tax-free for qualified < expenses, assets are removed from your estate even while you still < maintain control over the assets. Additionally, unlike a UGMA/UTMA < account, the gift is revocable, allowing you to change beneficiaries at < any time. If you are currently funding an education via a UGMAUTMA < account, these assets can be moved into a 529 plan. < < We hope you find the file below helpful. < < <<Tax Bill Summary.pdf<< < < If you would like information on the 529 plan, please email back and we < will have the information sent < to your attention. < < Sincerely, < David J. Swearingen William L. Swearingen II / Vice President CSFB CSFB 2200 Ross Suite 2900 2200 Ross Suite 2900 Dallas TX 75201 Dallas Tx 75201 214-979-5821 214-979-4011 800-255-9260 800-255-9260 < < < < < < < < < David J. Swearingen < Credit First < Suisse Boston < 2200 Ross Ave. Suite 2900 < Dallas Tx 75201 < 214.979.5821 < 800.255.9260 < david.swearingen@CSFB.com < - Tax Bill Summary.pdf
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