posted October 01, 2013 01:27 PM            

"KissTrust provides self-help irrevocable trust document product services bundled with ongoing trust administration for multiple types of trusts used for childrens savings trust, college savings, simple estate planning, divorce, child support, legacy trust, restricted ordered trusts and memorial trusts."

I'm interested in starting a fund for my kid for later life when she wants to attend college or make a big financial purchase. It's a type of trust fund.

posted October 01, 2013 04:35 PM            

Establish a mutual fund investment. I prefer something conservative like T Rowe Price or Vanguard or Fidelity. Make sure you are not invested too heavily in equities or emerging markets.

Or.. given market volatility, cash under the mattress works real well too....

Remember to use conservative assumptions. One year at MIT today, assuming no financial aid costs $75,000 (including books, clothing vacations and auto... never figured out in the college totals). Assuming 4% inflation (and colleges jack up tuition 10% in one go), over 18 years, the expected cost per year at MIT at face value is about $153,000. Which means that you are pretty much SOD unless you have half a million.

Throttle down by half for a state college. So, basically a quarter million for four years of college.

I pre-funded everything in a trust about 8 years ago. I made a mistake because I didn't incorporate sufficient tuition rate increases So, I had to dump in more money.