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

Home buying still a priority for many in Generation Z

On Behalf of Porter Ramsay LLP | Oct, 01, 2021 | Real Estate Law

Affordability is a major hurdle to home ownership for young people today. However, despite this challenge, three quarters of adults in Generation Z cite buying a home as a goal for them, and over half of these people say they are very likely to reach this goal. In fact, 15% in the study already owned homes. While younger adults are clearly eager and focused on purchasing homes, there is no doubt they face some challenges. These include: Rising prices: The cost of homes continues to rise, and young people who have yet to enter the market are contending with a... View Article