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Check out usphere.com, since you can get instructions for your parents on the ins and outs of a Trust. There are some drawbacks. Consider the organization that can save you money for even purchases at Mc Donalds--Upromise. I don't have a trust and came from a poor family that did not have the funds. Find out what state you want to go to college--sometimes you can start a plan in that state, such as Mass., then you would have to be accepted and attend college in that specific state or it's a no win, no deal, reality. I wish you the best of luck!
There is a difference between a trust account and a 529 college savings plan. I cannot say which would be the better choice for you, that's a conversation for you and/or your financial advisor. But many financial institutions, such as Vanguard, Fidelity or TIAA-CREF, provide 529 college savings plans. Companies like Morningstar, and media personalities like Clark Howard maintain lists of the best plans. Search for "529 college plan" and some of the names here for the information you need.
What else can I help you with?
Can I set up a 529 plan for my nephew?
Yes, you can set up a 529 plan for your nephew to save for his education expenses.
How can I set up a 529 plan for my nephew's education fund?
To set up a 529 plan for your nephew's education fund, you can research different 529 plans offered by various financial institutions, choose a plan that suits your needs, open an account, and contribute funds regularly to help save for his future education expenses.
Where can I open a trust account?
You can open a trust account at a bank or financial institution that offers trust services. These institutions have specialized departments that can help you set up and manage a trust account for your specific needs.
What is an fob trust?
FBO means "for benefit of." In banking, an FBO trust is an account typically set up as a donation account for the person whose name the account is in.
How can I deposit money into a 529 plan?
You can deposit money into a 529 plan by setting up an account with a financial institution or directly through a state-sponsored plan. Once the account is set up, you can make contributions through various methods such as electronic transfers, payroll deductions, or check deposits.
Where to find section 529 planning advice?
It depends upon where your child enrolled. You can use an in-state section 529 out of state if your institution will allow for it. You can apply the full value of your account when you pay for tuition. These can be set up for automatic deposit.
When and how should I set up my child's college savings account?
You should start saving for you child's college savings account as soon as possible. A really good college savings plan is the 529 plan. With this plan you can set aside money for your child's college education and it will continue to grow tax free.
How do you put money that is your own in a bank account without using your own name?
You can put it into a trust account owned by an attorney; you can set up a trust of your own and open an account in the name of the trust, with a trustee's name; you can use the money to capitalize a new corporation of which you're the only shareholder and then deposit the money in the corporate account, among other ways.
How do you protect an inheritance to your son from a present or future spouse or domestic partner?
You need to put the inheritance into a trust account--If you have children put the kids on the account. That is a very touchy issue.
What is required to leave a house in trust?
You have to have a trust (which can be set up in a will) and you have to identify what the trust is to be used for.
Can you set up a separate account before filing for divorce?
You can set up a separate account whenever you wish
How do you set up Gmail at my samsung GT-3653W?
You can set up your Gmail account easily. The Gmail app can be installed on the phone. And in that app you can set up the account.
