Professor Gerry Beyer, on his Wills Trusts & Estates Prof Blog, reports that many grandparents want to help their grandchildren pay for college, but do not know the best way of going about it.  According to a Fidelity Investments study, nearly half of grandparents expect to contribute to their grandkids’ college savings, with more than a third expecting to give $50,000 or more.  While very generous and thoughtful in nature, these contributions can also have significant tax and estate planning benefits for grandparents.

To read more, see Wills, Trusts & Estates Prof Blog.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.