From: Wei Dai (weidai@eskimo.com)
Date: Sat May 25 2002 - 18:56:22 MDT
On Sat, May 25, 2002 at 04:19:00PM -0700, Phil Osborn wrote:
> This is something that would work in many - perhaps
> most - legal jurisdictions right now. I don't know of
> anyone presently doing it. I do know of people who
> tried doing it and then dropped out, generally because
> of opposition by the mothers, who usually seem to feel
> that establishing relations on a rational financial
> footing undercuts their power-based position.
[rest snipped]
I must say that after reading all of that, I still haven't learned what
you're proposing about funding child education. I googled for
"massachusetts trust" and found a definition:
Massachusetts trust
A unique way to organize a business where the property is bought by, or
transferred to, a trustee (such as a trust company) and the trustee issues
trust "units", which the investors, or their designates, hold as
beneficiaries. This is a common way to structure a large real estate
purchase.
What does that have to do with funding education? Please give a complete
description of your proposal, and try not to go off on so many tangents.
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