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Old 04-13-2016, 11:00 AM
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Tayken Tayken is offline
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Quote:
Originally Posted by mcdreamy View Post
RESP opened by grandparent, aunts, uncles, friends, relatives of the student are eligible as the studentís portion of the expense.
Do you have any supporting case law to this point? RESP contributions made by anyone is their property generally. They can withdraw their money at any time. They would have to pay taxes on the interest earned if it didn't go to one of the named beneficiaries for educational purposes. I don't think the court could order any sort of direction on an RESP account owned by a non-parent and how that money is accounted for. They are a third party to the matter.

I may be wrong though.

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Tayken
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