Turning Your HSA Into an Estate Planning Tool
In a prime example of how estate planning is an ever-evolving area of law, there are some articles published recently discussing how you can utilize a health savings account (“HSA”) for estate planning purposes. Why should you consider an HSA as an investment vehicle? Well, consider the fact that this type of account has a rather tempting trifecta of features: (1) tax-deductible contributions (2) tax-free growth (3) tax-free distributions. These features offer major income tax advantages, according to an article published by Steven Latterell on Lexology.com. Along with the financial benefits, there is the simple fact that more people are going...
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