Ivy Alden-Cho

Generated from Ivy’s facts by ArkLegacy’s sourced planning rules. Educational only - each routes to the right professional. Not advice.

• Trump Account (pilot)

  Ivy was born 2025-05-10, inside the Jan 1, 2025 - Dec 31, 2028 pilot window, and is under 18.

  Needs information

  Missing facts

  • Valid Social Security number confirmation

  Possible benefits

  • One-time $1,000 pilot contribution for qualifying children (IRS)
  • Tax-advantaged growth for a next-generation saver

  Important limitations

  • Current contribution limit not verified from an official source - professional review required before relying on any figure.

  Assumptions: Child has not turned 18 before year end · Pilot program remains open as described by the IRS

  Source

  IRS ↗

  Effective

  TY2025 pilot

  Reviewed

  Jul 22, 2026

  Review by

  CPA / tax

  Create a task to confirm the missing eligibility facts with the family's CPARULE trump-account · TY2025 pilot · NOT ADVICE

• 529 education plan

  Ivy is a minor (age 1) with no education account on file.

  Likely eligible

  Possible benefits

  • Tax-deferred growth; federally tax-free qualified education withdrawals (IRS)
  • Front-loading (superfunding) may be available - confirm with the CPA

  Important limitations

  • Current contribution limit not verified from an official source - professional review required before relying on any figure.

  Assumptions: Education funding is a family goal · Contributions treated as annual-exclusion gifts

  Source

  IRS ↗

  Effective

  TY2026

  Reviewed

  Jul 22, 2026

  Review by

  CPA / tax

  Create a task to model a 529 contribution and open the plan with the CPARULE 529 · TY2026 · NOT ADVICE

• Custodial account (UTMA/UGMA)

  Ivy is a minor; a custodial account can hold gifts managed until the state age of majority.

  Likely eligible

  Possible benefits

  • Flexible (non-education) savings for the child
  • Simple to open at most custodians

  Important limitations

  • Assets become the child's at the age of majority
  • Unearned income may face the kiddie tax (IRS Topic 553)

  Assumptions: Gifts are intended to be irrevocable · Kiddie-tax thresholds reviewed by the CPA

  Source

  IRS (kiddie-tax topic) ↗

  Effective

  State law

  Reviewed

  Jul 22, 2026

  Review by

  CPA / tax

  Create a task to discuss a custodial account with the CPARULE utma · State law · NOT ADVICE

• Designate a guardian

  Ivy is a minor with no guardian designation on file with the Alden plan.

  Needs information

  Missing facts

  • Named guardian and successor in the estate documents

  Possible benefits

  • Closes a continuity gap for a minor child

  Important limitations

  • A legal designation - drafted and filed by the estate attorney

  Source

  Estate attorney (state law) ↗

  Effective

  Estate practice

  Reviewed

  Jul 22, 2026

  Review by

  Estate attorney

  Create a task for the estate attorney to add a guardian nominationRULE guardian · Estate practice · NOT ADVICE