<p>In looking over our children's finances, we realize that there is a current severe inequity in their educational trust funds. In a nutshell, D#1 has a well funded trust account that was set up for educational purposes when she was born, where D #2's is about 10% of D#1 due to market changes and the death of the primary grandparent who was the money manager and contributor. Our kids are 6 years apart. The trusts are in the student's names.</p>
<p>If we had realized the inequity 2 years ago, we would probably have totalled the amount, split it, and told D#1 that that was her portion even though there is technically more in her account. She would have understood, and complied. We blew it, and didn't notice the inequity until we filled out the profile in November. </p>
<p>What would you do in this situation? </p>
<p>We would anticipate that both kids will go to four year colleges of comparable quality. D #1 has applied and has been admitted to a private school (still waiting for some others). Four years of tuition with the merit scholarship that she was given from the University will close out her trust account if we use that money only.</p>