> 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 assets grow tax-deferred, assets can be withdrawn tax-free for qualified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.
>
>  <<Tax Bill Summary.pdf>>
>
> 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

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> 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