"Grand" Gestures and Tax Questions

Don't Let Grandparents Get Blind-Sided by College Funds

Any envelope bearing funds from grandparents to help pay your kids' freight for college is a sight for sore eyes. But there are tax consequences as well as advantages that accompany Christmas gifts intended to help fund education. The NASDAQ news service has timely tips to consider; especially when grandparents mean well by starting a college fund, but aren't fully informed. Read it, and reap.