MBA programs. Law school. Medical school. Graduate degrees. People spend tens of thousands — sometimes hundreds of thousands — on graduate education… and most of it gets paid with completely non-deductible money. So first they earn the income… then Uncle Sam takes a huge cut… then they pay tuition with what’s left. But when the student is a beneficiary of a contract law spendthrift trust… graduate school expenses paid through the trust become trust expenses that are tax deductible to the trust. And since the money is already being spent anyway… why not run it through the trust first and create the deductions? Plus, the trust provides powerful lawsuit protection, far greater privacy, and no taxable events. Same graduate degree. Completely different financial outcome. (Info purposes only; not a licensed tax, legal, or accounting professional) #taxdeductions #taxsavings #taxreduction #tuition - @originaldohnthornton