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Family of Origin
Money for grandchild college & questions
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<blockquote data-quote="Nomad" data-source="post: 684265" data-attributes="member: 4152"><p>I see there was a post about not disinheriting your child and there was some discussion of inheritance money.</p><p></p><p>Our state has a pre paid college program. I can purchase 1-4 years of college for my grandchild at the cost of today's tuition for him to use at the appropriate time. The concept is that today's rate would be much less than later. I thought about using some of my inheritance money to buy two years of college for this child (age three) and when our son and his wife have a second child, buy two years of college for this child too. </p><p></p><p>They work hard but make a very average salary. My thought was that this way, no matter what the future holds, I would always know that I helped out my grandchildren through college as well as relieved my son and his wife of some of the financial burdens that goes with that period of time.</p><p></p><p>Our son is quirky, but super productive and not a difficult child. He does have issues with Obsessive Compulsive Disorder (OCD). He is a hard worker and has won awards at his job. He is a an excellent parent and has several good friends. I'm proud of him. Thoughts? Pros and cons?</p><p></p><p>Also, how does one begin to participate in this FOO forum? Would it be appropriate for me to start a thread with a little info about my Family of Origin?</p><p></p><p>Thank you.</p></blockquote><p></p>
[QUOTE="Nomad, post: 684265, member: 4152"] I see there was a post about not disinheriting your child and there was some discussion of inheritance money. Our state has a pre paid college program. I can purchase 1-4 years of college for my grandchild at the cost of today's tuition for him to use at the appropriate time. The concept is that today's rate would be much less than later. I thought about using some of my inheritance money to buy two years of college for this child (age three) and when our son and his wife have a second child, buy two years of college for this child too. They work hard but make a very average salary. My thought was that this way, no matter what the future holds, I would always know that I helped out my grandchildren through college as well as relieved my son and his wife of some of the financial burdens that goes with that period of time. Our son is quirky, but super productive and not a difficult child. He does have issues with Obsessive Compulsive Disorder (OCD). He is a hard worker and has won awards at his job. He is a an excellent parent and has several good friends. I'm proud of him. Thoughts? Pros and cons? Also, how does one begin to participate in this FOO forum? Would it be appropriate for me to start a thread with a little info about my Family of Origin? Thank you. [/QUOTE]
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