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Old 03-25-2010, 12:03 PM
ForeverRoses ForeverRoses is offline
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[QUOTE=gee_ess;1910838]

I love, love the idea of several relatives opening some sort of college account (but something the parents cannot get into until later? not sure what is available) because this gift has class, unlike the parents.

QUOTE]

With a 529 account, the donor stays in control of the money. In fact, the named beneficary has no rights to the money until the donor releases it- so if a child turns out to be a deadbeat, they don't automatically get the money when they turn 18. (and the parents can't cash it out either).

You could always buy them a box of wine and a box of condoms.
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Old 03-25-2010, 12:46 PM
epchick epchick is offline
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Eff that, i wouldn't give them anything...not even for the child (maybe that is what they are hoping for as well). They said they don't need anything, so they wouldn't get anything.

Instead i'd probably give the money/ a gift to the family member that is actually funding this party. I have family members that are very similar to your relative, who will help out regardless. So I think it would be a nice gesture.
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