Monday, February 3, 2014
- An effective way to avoid gift and generation-skipping transfer tax is to make tuition payments directly to the school.
- Create grantor and Crummey trusts.
- 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.