- Feb 25, 2004
- 21,732
- 561
- 126
My mom recently passed away and one of the last things she wanted to do was give each of my kids money for college. But I'm a little at a loss for what to do with this money. I see there are some savings accounts for this kind of thing although I don't expect them to earn much. Anyone have an recommendations?
The combined money for the kids probably also exceeds that 10K gift amount for the IRS so I'm not sure how that will play out with taxes.
The combined money for the kids probably also exceeds that 10K gift amount for the IRS so I'm not sure how that will play out with taxes.