Are Your Grandchildren in Your Will? Five Thoughts to Consider
As an estate planning attorney, when I meet with clients it is always amazing how much grandparents will do for their grandchildren. Grandchildren seem to hold a special place in our hearts. Often as we get a little older and our grandchildren come along, so does our financial wealth build. When you include grandchildren in your will, there are some things you should think about:
1. Age Requirements
We don’t know when we are going to pass on. We don’t know how old our grandchildren will be when we pass on. We do not know how mature or financially savvy they will be when we pass on. What happens when very young or inexperienced people inherit money? Fast cars, bad investments or even worse.
Consider creating a long term trust for your children and grandchildren. You can help them