Message-ID: <9826739.1075844982773.JavaMail.evans@thyme> Date: Fri, 1 Jun 2001 10:40:59 -0700 (PDT) From: dswearinge@dlj.com Subject: Recent important changes to tax code. Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Swearingen, David" @ENRON X-To: ndisclosed-recipients:;@ENRON X-cc: X-bcc: X-Folder: \Stanley_Horton_June2001\Deleted Items X-Origin: HORTON-S X-FileName: shorton.pst > 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 assets grow tax-deferred, assets can be withdrawn tax-free for qualified 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. > > <> > > 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