- College Education Trust
College Education Trust"You love your kids and grandkids more than anything, and want the best for them. Setting up a College Education Trust is a great way to provide for the future, make a big impact in a young person's life, and pass on your legacy. Get started with our step-by-step College Education Trust document to create an education fund for your child or grandchild.Using a College Education Trust creates a legal trust that accumulates savings for a child's college education. It's specially structured to meet the requirements of Section 2503(c) of the Internal Revenue Code. By meeting the IRS requirements, a donor has more control of the gifted money and avoids being taxed on the funds they put into the Trust. For the donor, a gift to the trust of less than $13,000 per year will not trigger gift tax liability. The donor also can retain control over the use of the funds. At the same time, any tax on trust income is shifted from the donor to the trust and/or the child. To qualify for a College Education Trust under Section 2503(c), the IRS has several requirements about when a child will have access to the funds, usually when they turn 21. The College Education Trust is most effective when its used to accumulate $30,000 to $120,000 that's going to be used primarily for educational expenses. Note that this fund may not be right for you if you want to save funds for expenses beyond college, so talk to an attorney if you have any questions."
- Education Cost Worksheet
Education Cost Worksheet"This worksheet estimates how much you should begin saving on an annual basis in order to pay for college for your children. The interview also provides recommendations and information about what types of investments to consider, education tax incentives and college financial aid."
- Request Copy of School Records
Request Copy of School Records"This letter is used for a parent to request access to their child's school records, or for a person who is eighteen or attending college to request access to their own records."
- Transcript Request
Transcript Request"This Transcript Request letter can be used to request a transcript of your high school or college records. Once completed, simply sign and mail to the appropriate school."