Grandchildren
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Simple Low-Cost Estate Planning Ways to Help Grandchildren
For many of my readers, helping the grandkids is a high priority after ensuring their Estate Planning affords their own financial independence. There are so many ways to help beyond making cash gifts and setting up Uniform Gifts/Trusts to Minors Accounts. In fact, those two widely-used methods often are far from the best ways to help. […]
Showing Grandchildren the Way of Sound Estate Planning
I find that no matter the value of a person’s estate, almost everyone would like to leave something for the grandchildren (or the children). But they don’t want whatever they leave to be wasted. Therefore, demonstrating sound Estate Planning is important. Almost everyone knows the unfortunate statistics of poor estate planning. About 70% of family […]
The Most Efficient Estate Planning Way to Help the Grandkids
There are many ways you can help a grandchild or child. There are so many Estate Planning options that people are confused and often procrastinate about helping because they aren’t sure which route to take. Let’s look at the better options and examine the pros and cons of each. Estate Planning Strategy #1 529 […]
Estate Planning for Grandparents Stepping in as Parents
A quiet trend in the U.S. is that a growing number of parents serve as the primary parents for their grandchildren. The Census Bureau started tabulating this information in 2000, and since then the numbers have grown. The 2010 census showed that 3.1 million children are living without their biological parents, and 59% of them […]
Estate Planning Lessons for Grandkids from the Crisis
The bubble, its bursting, and the continuing financial crisis provided many lessons in personal finance. The biggest beneficiaries can be today’s young people, if they learn the right lessons. News reports and some surveys indicate that some are taking away the right ideas, but others are drawing the wrong conclusions and making their futures more […]
Buying Only One Fund for Long Term Estate Planning for Grandchildren
Setting money aside for a grandchild, or helping a grand-child who is starting to save without proper Estate Planning, presents a problem. Usually the initial savings are relatively small. Few grandchildren begin with portfolios of $100,000 or more. A portfolio of a few thousand dollars or less presents a problem when you are trying to […]
How to Help Grandkids Stay Solvent
In last month’s visit we discussed how to educate children and grandchildren to start them on the road toward financial independence. This month, let’s discuss how to help youngsters who already are in the working world and perhaps have started to dig themselves into that financial hole of high debt in which so many people […]
Investing Education for Grandkids
Recently, when I was the guest on a radio show, the host asked where young people learn about money, investments, and personal finance. Schools are too busy with diversity training and sex education to teach personal finance. Even at the college level practical money management is scarce. Many parents, especially, the Boomers, try to keep […]
