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URL:  https://boards.fool.com/how-do-i-approach-this-plan-i-suggest-you-take-27959501.aspx

Subject:  Re: funding grandkids college Date:  9/13/2009  2:01 PM
Author:  TMFPMarti Number:  15656 of 22292

how do i approach this plan?

I suggest you take your question to the Paying for College board. Don't get hung up on the trust aspect. That's why you pay a lawyer. Your question is whether it's better to have the money in the child's name, your (or a trust's--same difference) name, or perhaps, a 529 tuition plan.

On a strictly "life doesn't always play out the way we think it will" front, I wouldn't put it in the child's name since once the child reaches majority (s)he can blow it on Twinkies if the mood strikes.

Phil
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