TMFTaxes:Thanks so much for your clear and concise replies to my questions!Just to let you know, I had already checked out your FAQs on Ed IRAs, Hope, and Lifetime tax credits, but the nuances I was after were not addressed there. They were, however, nicely written and very helpful.I was so quick to jump ship to this board because while you are clearly present giving out your excellent advice here, I did not notice a Fool holding court on the Paying for College board, and so thought it was quite probable that none of the readers would get around to answering my questions [OK, so I just got impatient :) ]. BTW, someone with your demonstrated knowledge of the tax laws is all the "authority" I was looking for.I actually find it very interesting how this type of account has all the earmarks of a trust, and am grateful to you for pointing out the benefits of this.One more quick question: after having shoved any leftover/unused funds from one child to the next until it is all in the account of the last child, should a miracle occur and I see that there will be a decent amount left over after paying for her education, I assume it will be OK to put back money into the older kids' accounts in an equal manner, assuming they are all under the age of 30 when I do so? With 4 kids, I've learned that the appearance of "fairness" is very important to avoiding complaints, and I assume this won't change as they get older :) .Wavelength
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