Legal Question in Wills and Trusts in Missouri
Want to leave money to grandson that he can only use for higher education. How do I do this?
Asked on 1/09/13, 9:46 am
2 Answers from Attorneys
M. Scott Montgomery
the montgomery law firm llc
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.
Answered on 1/09/13, 10:13 am
Michael R. Nack
Michael R. Nack, Attorney at Law
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.
Answered on 1/10/13, 3:28 pm
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