Want to leave money to grandson that he can only use for higher education. How do I do this?

Question

Want to leave money to grandson that he can only use for higher education. How do I do this?

Answer

You need to have a trust created that instructs the trustee to pay only for educational expenses. The you will need to put the money into the trust.

Hope this helps.

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Answer

One way to do this would be to draw up a Last Will and Testament that includes a Trust. You would name a Trustee and provide specific instructions. If you are in my area I could provide you with competent legal services. I have been practing law for nearly 35 years snd I have prepared hundreds of such plans. Please feel free to contact me.