Littlechap writes (in part):[Y]ou can invest that same money in many other types of investment vehicles -- many of them far more flexible, and perhaps more rewarding -- then give the money as a gift later on.I reply:There's a trap here for the unwary. You can give someone as much money as you like for post-secondary education without triggering gift/estate tax issues as long as you pay the money directly to the school. If you give it to the student, or her parents, for them to forward to the school, you might end up paying extra taxes for your generosity. --Bob
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