Unique Baby Shower Gift Ideas

Posted by Ned Armand, President of Eastern Point Trust Company on Dec 7, 2015

Kiss trust baby shower gift

Next time you are invited to a baby shower, reconsider traditional gifts that benefit the parent short-term. A trust-based savings plan is a thoughtful gift that shows that you care about the family's future, which can benefit them for a lifetime.

Key Takeaways

  • An all-in-one savings plan is a great baby shower gift, since it benefits both the parent and child long-term.
  • Make sure the account is easily accessible, like a Kiss Trust.
  • Choosing an account with many investment options gives you the freedom to grow your funds beyond the initial deposit amount.


Gifting Saving Plans To New Parents

Think Beyond Immediate Essentials for Baby Shower Gifts

New parents are often inundated with clothes, blankets, toys, and other items that newborns quickly outgrow. Instead, consider giving parents a gift that will grow with their newborn and help serve his or her needs later in life.

A savings account for a newborn is one of the most thoughtful gifts that family and friends can give, and an all-in-one savings plan is a smart decision for the gift buyer. Children born today can expect to pay over $200,000 for a four-year college degree, so not all children can afford college when the time comes. To best prepare for a child’s future decisions, savings accounts need the flexibility to remain relevant as the child matures. These easy-to-use and affordable plans are flexible, and can change with the shifting needs of every family.

Millennials Are Not Afraid to Ask

Members of the millennial generation are starting families. And these millennials who find themselves saddled with significant student debt are hoping to present their children with alternatives. This is why they are not shy about asking family and friends for money to save for their children. In fact, bridal registries often include accounts for new homes and other starter items for new families. Baby registries are beginning to see these same requests, moving away from traditional gifts. 82% of respondents said that they were in favor of having a college fund on their baby registry based on a poll taken by an independent media and technology company.

 

Benefits Of Gifting Saving Plans

Maximize Options

The gift of a savings account is a thoughtful offer from anyone, but it is important that it is done correctly. Investors should choose an account that offers a wide variety of investment options, such as mutual funds, EFTs, stocks, bonds, and more – ­unlike most 529s. Some 529 plans limit the grantor to one change per year, so choosing a plan that has flexibility additionally benefits the child. This flexibility is critical for when you need to change strategies more than once to adapt to a drastically changing economy.

Easily Accessible

With increasing interest in donations to college funds, it is important to choose a savings plan with easy accessibility. Research indicates that over 70% of grandparents are willing to make donations to grandchildren’s savings plans. Family members can gift up to $14,000 each year without paying gift tax. New parents should look for accounts with easy online gifting options to make donations as simple as possible for family.

You can give the gift of a lifetime by gifting a Kiss Trust to a new parent. Start today, and we will give you 60% off the standard price of a Kiss Trust.

Give The Gift Of A Lifetime Start Today And Receive 60% Off

 

Read More

Tags: Trust Fund, DIY, New Child, Gift Trust

Making Financial Do It Yourself Affordable and Secure

Posted by Ned Armand, President of Eastern Point Trust Company on Dec 10, 2014

In the ever-expanding world of technology and the thriving market for applications, “Do It Yourself” (DIY) has become a mainstay mantra of the 21st century.  

A New Era

Affordable and Secure, Do It Yourself, DIY, Kiss Trust, Irrevocable Trust

The accessibility of technology has paved the way for an individual to do things that once required a physical presence or a highly trained professional.

The Power of You

From online banking services to insurance quotes, financial technology has put the power to accomplish your fiscal goals directly into the palm of your hand. In turn leveraging intellectual property and lowering the barrier to entry, all while creating a more affordable and secure environment for your transactions.

DIY Renaissance

As markets expand and ideas flourish, a new brand of online DIY services has emerged, championing the power of convenience, cost, and reliability. The web-based marketplace for financial services and its power players like E-trade, Charles Schwab, Scottrade etc. has exploded, bringing the power of financial DIY to personal finance and investing. But what gives all these DIY services their allure?

Simplicity, the convenience and the low cost associated with DIY generates an affordable and secure environment, furthering economic growth and encouraging expansion of available online financial and legal resources.

Affordable and Secure Self Service

This new environment of the 21st century marketplace has inspired facilities such as self-service irrevocable trust creation and bundled trustee services. These services, once out of reach to all but the ultra-wealthy, are now readily available, affordable, and secure resources for anyone with an internet connection.

As the financial DIY market expands across all platforms of services, the associated cost continues to drop, and the integrated accompanying technologies will only become more refined and easier to use. Remote access to industry professionals generates a knowledge base that has never been so easily accessible, creating an environment rich in relevant and easily dissectible information.

To learn more about how you can meet your financial goals more affordably and securely by putting DIY financial tools to work for you, download our Irrevocable Trust Checklist below, and starting your own financial DIY project today.

Download Your FREE Irrevocable Trust Self Assessment Checklist!

Image Credit

Read More

Tags: DIY, Affordable and Secure, Do It Yourself

Kiss Trust

Creating a Trust
Has Never Been Easier

Kiss Trust is the only patented total trust solution in America. Kiss Trust Is a self-help trust creation tool with integrated trustee services and access to over 5,000 mutual funds, 1,000 ETFs and a brokerage account with stocks and bonds. Kiss Trust lets you create a powerful custom irrevocable trust without the expense and trouble of hiring an attorney.

Subscribe to Email Updates

Hours & Info

PO Box 536
Warrenton, VA 20188

540-347-6620
8:00 AM To 4:00 PM EST