<\/a><\/p>\n Paying your grandchildren\u2019s<\/strong> (or adult children\u2019s) college tuition<\/em> is one of the greatest gifts<\/strong> you can make. The education lasts a lifetime and opens a world of opportunity for your grandchildren.<\/p>\n In a way, it is like giving a gift to your children as well, since it alleviates their concerns about paying for their children\u2019s education on their own. And when done correctly, the gift of a college education can be an excellent estate planning tool.<\/p>\n (Related: Novi Special Needs Lawyer Offers Practical Tips In Setting Up a Supplemental Needs Trust<\/a>)<\/p>\n One way to help pay for your grandchildren\u2019s education is to simply give them part or all of the money to cover tuition. The gift tax<\/strong> exclusion is currently $13,000 per person per year, and $26,000 for a married couple, which can go a long way toward covering the tuition for most colleges. Of course, giving the money to your grandchildren directly carries (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Paying your grandchildren\u2019s (or adult children\u2019s) college tuition is one of the greatest gifts you can make. The education lasts a lifetime and opens a world of opportunity for your grandchildren. In a way, it is like giving a gift…<\/span><\/p>\n