Free College Education Trust

This document is used to create a trust to accumulate savings for a child's college education. Gifts to the trust do not cause gift tax liability, and the trust provisions provide control over the use of the funds. Income taxes on the gifted funds are shifted from the donor to the trust and/or the child.

Use the College Education Trust document if:
  • You want to accumulate funds for the education of a child (or grandchild).
  • You want to have more control over the gifted funds than custodial account arrangements.
  • You want to shift income taxes on the savings to the trust and/or the child.
Featured Lawyers
Rebecca A. Fuller, Esq.
Las Vegas, Nevada
Services:
See profile
Christopher McAvoy
Taylor, Michigan
Services: Free Initial Consultation.
See profile
H. Nathan Resnick
Bloomfield Hills, Michigan
Services: Credit Cards Accepted.
See profile

Find more Featured lawyers
Provide your feedback Feedback
Are you a Lawyer?
Provide Feedback on this document and join your fellow contributors.