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[quote=Anonymous][quote=Anonymous]I’m so sorry for your losses. What a lovely relationship grandad had with DD. You don’t need to start throwing money away on everything education related. Do not donate! DD can give alumni contributions as she sees fit in the future. Maybe fund a scholarship of her choice.

Gramps wasn’t a financial idiot. He knew very well what a private university costs. The best thing for your daughter is to see you flourish along with her. That money should be used for her education, of course, but just as importantly to make your lives easier— together. A comfortable home, travel, funding the needs of a long and well lived life. You do not need to blow 50-100k on a college counselor. Her private school counseling department will suffice. Maybe an SAT tutor now, and a private college counselor if it’s needed junior/senior year. First things first, find a financial advisor and estate attorney. Let the 5m compound, do all the things to ensure you are cared for in retirement and your daughter is secure on her path. Be well![/quote]

OP, I’d check with your lawyer before following pp’s advice. “Make your lives easier—together” sounds like the start of every story where the Hollywood child star ends up estranged from their parents. I’d pay for what the trust permits and be really up front with my kid if it went to things like better housing or family travel. [/quote]

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