Educational Trust Definition For Parents
Description
How to fill out College Education Trust Agreement?
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FAQ
An educational trust is a trust where the money and/or property contained within go towards supporting someone's education, or to establish or finance schools.
Preserving your child's education An education trust allows you to gift property to your child to be used for education purposes. This is a very flexible way to invest in your child's education, as you can set up a trust using property or funds to benefit your child in the future.
Less than 2 percent of the U.S. population receives a trust fund, usually as a means of inheriting large sums of money from wealthy parents, ing to the Survey of Consumer Finances. The median amount is about $285,000 (the average was $4,062,918) ? enough to make a major, lasting impact.
School board trustees are the members of a school board. They are locally-elected representatives of the public, and they are the community's advocate for public education. They are required to carry out their responsibilities in a manner that assists the board in fulfilling its duties under the Education Act.
After all, the trustee is responsible for managing the trust's assets. They later distribute them to your kids when they reach adulthood ? or at the ages you've designated. A parent or sibling may be able to serve as a suitable trustee.