College financing: An integral part of your estate plan
Abstract: Grandparents often want to play a role in financing their grandchildren’s college educations. But it’s important that they consider the impact that different financing options will have on their estate plan. This article looks at the estate planning implications of grantor and Crummey trusts and the Section 2503(c) minor’s trust, along with direct tuition payments on behalf of grandchildren. A sidebar shows how a health and education exclusion trust (HEET) can be advantageous in regard to generation-skipping transfer (GST) tax.