Like Paul McCartney once said, “Give your children enough to do something, but not enough to do nothing.”
Good for dad!
Parents money, their rules. The business idea does show he has some gumption depending on what business he plans to open. He seems aware college is not the end all for everyone. I applauded that. The dad’s idea of business training first is great plan for him. Kid could be self starter type and needs direction. Parents usually know what is best. So tell him get over notion the money is his, it is not an inheritance.
I would review IRS rules on using education funds for non education purposes. Not been down that road personally BUT something tells me deferred money has implications.
Amen