How to leave assets to grandchildren in an estate
On Behalf of Porter Ramsay LLP | Oct, 15, 2021 | Wills And Estates
While many individuals choose to leave assets to their children in an estate plan, some also look to leave at least some wealth to the younger generation. Grandparents may have many reasons for leaving assets to their grandchildren. They may want to help out people who are younger in their families get a good start, or they may simply want to show their love to these additional family members. Here are some things to consider for those looking to leave assets to grandchildren: The grandchild’s age: Grandchildren over 18 years old are of age to directly receive their inheritance, and can be named directly on an insurance policy or will. For younger... View Article