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Author: 1poorguy Big funky green star, 20000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8138  
Subject: Re: Paying for College and Aid Date: 2/26/2013 2:13 PM
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And I wouldn't want possible college money tied up in someone's estate needing to be settled because of death.

Good call.

When my dad's mom died, g-pa remarried relatively quickly. I don't remember the exact time frame, but it was just a few years (at most). The woman was...well, let's just say that dad and I had no idea why he would have chosen her. She forced g-pa to sell his paid-off home, get a new home (with mortgage) which ate up what little savings he had so he had to go back to work (at age 70-ish).

No, don't try to shuffle kids' college money among relatives, playing games with taxes and financial aid rules. It could easily turn around and bite you in ass, frankly.

1poorguy (not a guru, but wouldn't even consider this sort of thing to be a viable option)
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