Reply to Sister's husband has $0 in college fund for my nephews

Forum Index » Family Relationships

Reply to "Sister's husband has $0 in college fund for my nephews - tells me to "back off""

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Sounds like you should back off until the kids are adults and then they can ask you for help if they want it. [/quote]

This. Until the kids are 18, you can make offers to assist, but they should be made to your sister. She can decide whether or not to accept your help.

Once the kids are 18, there is no reason not to offer to help the kids directly. There would be no need for BIL to know if the kid didn't want him to. If BIL expects the kids to take care of paying for college themselves, then he isn't likely to know if some of the savings/scholarship money comes from you.

If you have a chunk of change to spend, consider opening up 529s with the kids as beneficiaries. Then when they are applying to college, you can let them know that you have been saving money for them and they can expect $x per year. The money can generally be spent on only on education expenses, and many plans are set up so that you can electronically transfer funds directly to the college where the student is enrolled. That way, you know the money is being spent on higher ed expenses, and it might make it easier for you to stay behind the scenes, so to speak, if the money goes directly to the college without having to pass through your nephews' or your sister/BIL's hands.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics