Adopting a Child—New Tax Law Helps Offset Planning Risks
Oct 4, 2002 (Updated on Dec 19, 2006)
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By Elaine Floyd, CFP ®
Joyous as it may be, parenting has its costs—and adoptive parents face a particular set of risks, some with significant financial implications. If your clients are considering adoption, be sure they're familiar with the planning issues involved, as well as the benefits provided by the newly revised tax law.