Skip to Content

We are a Veteran Owned Business, providing 20% discounts for Veterans, First Responders, Elementary and High School teachers. Please contact us to set up a phone or Zoom meeting. Taking care of you and your family, It's What We Do!

Education Trusts

What is an Education Trust?

An Education Trust is an Irrevocable Trust designed specifically to pay for education expenses. Though there are many variations, an Education Trust typically requires that trust assets be applied only towards a beneficiary’s tuition.

What is the Purpose of an Education Trust?

Because education costs place a significant burden on a family, providing a child with the means to avoid having to save college expenses is a welcome gift. The Grantor can feel better knowing that an inheritance is not used on a quickly forgotten vacation or car, but is instead used to provide an education for a grandchild or great-grandchild.

What are the Advantages of an Education Trust?

  • Knowing an inheritance is used for a useful purpose.
  • Releasing a child from the burden of saving for his children’s education.
  • Releasing a Grandchild or more remote descendant from the burden of college debt.
  • Sheltering assets from being used wastefully.
  • Knowing that for many years you are remembered fondly (and many a beer raised to toast your memory).

What are the Disadvantages of an Education Trust?

  • Trust funds are limited to only Education.
  • An effort is required to structure the trust, so the rules are followed, and funds are readily available for only the authorized education expenses.

Reasonable Prices | Years of Experience | We Make Trusts and Estate Planning Easier

Is an Education Trust right for you? If you have any questions about Education Trusts or any other estate planning topics, please contact our office to schedule a free consultation. For more than two decades Klenk Law has focused only on Estate Law. We’ve seen it all, and this experience allows us to explain complex estate planning techniques clearly and concisely. We make it easy for you to understand Education Trusts so you can make the best decisions for yourself and your family.

What Our clients are saying

Klenk Law Logo
Stars

hinda schuman

very happy to deal with Peter Klenk law firm over many decades

Klenk Law Logo
Stars

Jim Yannessa

A very friendly knowledgeable experience. I would recommend and use them again.

Klenk Law Logo
Stars

Monika Patryn

I highly recommend this firm. Jackie was a pleasure to work with. I left there’s well educated and had all my questions answered.

Klenk Law Logo
Stars

Tina Krovetz

Fantastically easy and efficient team to work with getting our wills done. We will use Klenk again in the years to come. I highly recommend Peter Klenk.

Klenk Law Logo
Stars

James Palmer

Recently hired this firm to help me write a will (something I had been procrastinating on doing for too long). The process was quick, easy, painless and I'm glad that thanks to the great team at this firm I was able to cross this off my "to do" list!!

Let us put our expertise to work for you.

Free consultation within 24 hours.