Raymond James Trust Private Wealth Management
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Gifting for Education

Proper planning improves tax efficiency when providing funding for the education of children and grandchildren. Navigating the options can be complex because of the control vs. tax benefit. Your Private Wealth Management relationship team can advise you, the client, on the following:

Prior to College

  • Uniform Transfer to Minors Act (“UTMA”)
  • Coverdell
  • Savings
  • 2503 “c” and “b” trusts
  • Crummey Trusts
  • Series EE bonds
  • Qualified State Tuition Program (“Florida Prepaid”)
  • 529 Plans

Children at College

  • Pay schools directly
  • Take distributions from Trusts
  • Financial aid/scholarships
  • Use of EE bonds
  • Use of home equity & other debt instruments

After College

  • Student loan deduction