These plans enable parents to save for their children's college expenses. However, their role in estate planning and wealth transfer has become more accepted due to their characteristics, tax advantages, and potential for flexibility in distribution.

By 2030, U.S. women are expected to control much of what the baby boomer generation will pass to heirs, roughly 30 trillion in assets.

Diversification mitigates the potential for unsavory pitfalls while offering a variety of suitable outcomes.

High-net-worth individuals (HNWIs) often face a complex financial landscape characterized by diverse investments and financial concerns.