College education has always been a significant expense for families. For the past 20 years, college costs have grown only slightly less than health care costs, far exceeding the growth in overall economic inflation. Today, a private college education can cost $55,000 per year. This figure represents a significant burden for many families. That’s why so many grandparents proudly promise to pay for college education when their first grandchild is born. For years now, estate planning, ...

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