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College and University Discussion
Reply to "$5M for college education"
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[quote=Anonymous][quote=Anonymous]Wow! I wish we all had a grandpa like that. When my husband’s father passed, he left $200,000 to our family but my husband in insisted on spending the money on a luxury boat while he could of put the money into a trust fund for our children’s account. Now he’s my ex husband. [/quote] If you both paid for or will pay for college, then his choice wasn’t so dumb. Presumably, he was able to keep his separate asset (inherited money) as his separate asset. Had he dumped it into a trust fund for your kids, he would have gifted them his separate asset. So maybe it was selfish but it was also a wise financial decision for him (ignoring the fact the board are financial losers). At least this way he has an asset that’s still separate and exists. [/quote]
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