Education Trust
Learn about education trusts, a powerful tool for funding higher education while securing a financial legacy for future generations.
How does an education trust work to fund higher education expenses?
An education trust is designed to allocate funds specifically for educational purposes, often covering tuition, books, and living expenses. It's established by a grantor who places assets into the trust with the stipulation that they are used for the beneficiary’s education. The trustee manages these funds, ensuring they are dispensed according to the trust's terms, often allowing for tax advantages. This structure helps maintain educational funding goals while bypassing potential misuse of the funds, ultimately ensuring that the beneficiaries have access to education without financial burden.
