Congratulations on becoming a grandparent! By any measure, this is an exciting, rewarding time. This life change also offers the opportunity to revisit your estate plan to determine the best ways to “pay it forward” for your grandchildren.
What should you keep in mind when planning to share your wealth with future generations? How can you protect your assets and make sure your gift goes toward the things you value?
Fortunately, there are a number of strategic options when it comes to transferring wealth to grandchildren. Here are seven important considerations for gifting the next generation:
In order to make sure the transfer of wealth to grandchildren is set up correctly, work with an experienced, trusted financial advisor. An investment professional can help you achieve your goals and ensure that future generations will benefit from your hard work as well as your generosity.
Need help? Please reach out to us to get started.
This article does not represent a specific investment recommendation. No client or prospective client should assume that the above information serves as the receipt of, or a substitute for, personalized individual advice from The Fiduciary Group which can only be provided through a formal advisory relationship. Clients of the firm who have specific questions should contact their advisor. All other inquiries, including a potential advisory relationship with The Fiduciary Group, can be directed here.