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Options for parents saving for college | Galion Inquirer
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From custodial accounts to trusts, Baby Boomers can take part in the great wealth transfer in ways that won’t burden their kids with extra taxes. Editor’s note: This is part two of a three-part series aimed at helping parents and their children manage generational wealth. Part one is Four Ways Parents Can Help Kids Be First-Time Home Buyers.We are in the midst of a great wealth transfer. Baby Boomers who have built their wealth are now looking to help their children get a head start financially.