Legal Question in Wills and Trusts in New York
Can a trust be established for a child whith the assets to only be used for college education and can funds be added to the trust at later times
Asked on 2/17/10, 9:51 am
1 Answer from Attorneys
Rudolf Karvay
Berkman, Henoch, Peterson, Peddy & Fenchel, P.C.
Yes. The trust may be structured so that the assets are used to pay for college education only and funds may be added periodically.
Answered on 2/22/10, 10:01 am
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