Have any of you set up an educational fund for your kid(s)?

[MikeWaters]

Originally Posted by creekster

My wife and I paid our own way through as well. I am glad I can help my kids out. I wish I didn't have ot pay off as much debt as I had to when I graduated and I am glad my kids won't have as much.

I have a friend who married into a wealthy family. For their wedding gift, they received a 90k condo in Provo and a new vehicle of their choice (Ford Explorer, don't ask me why).

Is there a danger in wealth being inherited? What if I told my kids that any wealth I accumulated would not go to them, but go to charity to help others less fortunate?