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Reply to "Trust for kids from grandparents: How should I handle it?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You just have to remember that it isn’t your money and that no one is guaranteed an inheritance. Have you looked at the cost of college lately? If the trust will pay for college, then it will likely be used up on that and your kids won’t become spoiled trust fund kids. A few hundred thousand split four ways may not even pay for all four years. And if it’s a few hundred per kid, they’ll be able to pay for the undergrad and grad school of their choice and you won’t have to save for that. Looks like a win-win to me.[/quote] It's a few hundred per kid. So we are lucky. Thanks.[/quote] Yes, you are. There is zero risk that they will become "rich trust fund kids."[/quote]
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