My trust beneficiary is heading off to college soon. He will need to open bank accounts, and use the ATM and credit cards. I would like him to be safe from frauds and scams that seem so prevalent on college campuses. All his funding will be derived from the trust, but will not be tied to the trust once it is distributed to him. What tips can you give me to pass on? I want to instill good planning and practice habits for money handling.
Your timing is fortunate. We have just published a collection of articles addressing financial concerns of new college students. You'll find links to all of this information in our new Off to School: Financial Survival 101 section.
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