Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Monday, February 3, 2014

Paying For Your Grandchildren's College Education

EstateplanningEstate Planning advisors have suggested three options for grandparents planning to pay for the cost of a college education for their grandkids.  

  1. An effective way to avoid gift and generation-skipping transfer tax is to make tuition payments directly to the school.
  2. Create grantor and Crummey trusts.
  3. Consider putting funds into a Section 2503(c) minor's trust.

See E. Hans Lundsten, Joseph Marion III, David Riedel, and Christina Scola Thanks, Grandma and Grandpa! 3 Estate-Planning -Friendly Strategies To Pay For A Gradchild's College Education, JD Supra, Jan. 29, 2014. 

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.


Generation-Skipping Transfer Tax, Gift Tax | Permalink

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