Education Funding

Can I use a trust to pay for my child's college tuition?

Yes, trusts can be structured to pay educational expenses directly to schools or reimburse beneficiaries for qualified education costs. Many parents include specific language allowing trustees to distribute funds for tuition, room and board, books, and other educational expenses. This approach can provide tax advantages since educational payments made directly to institutions may not count against annual gift limits, and trust distributions for education often receive favorable tax treatment for beneficiaries.