Rick23509 asked:
I’m researching setting up a college trust fund for my niece and have a few questions.
I’m researching setting up a college trust fund for my niece and have a few questions.
I’ve looked at a handful of websites, MetLife.com being one of them, and everything seems to relate to “estate planning”. I’m not interested in transferring anything from my personal estate to my niece, only setting up a college fund whereby I and the rest of my family can contribute monthly to the fund.
How are taxes handled since I would be the trustee?
What type of account is / can a trust fund be setup under?
Who would I talk to in order to receive more information face-to-face or over the phone on this topic matter?
Thank you,
Rick
http://www.metlife.com/individual/life-advice/retirement-planning/establishing-a-trust-fund/
Shanell Ville
An utma any bank or brokerage can set this up.
For education expenses only account of its kind httpindividualtrowepricecompublicretailproductsservicescollegesavingsplansh529planmicrosite.