Hi,
First grandchild is on the way! We want to give a financial gift that could be used for college or future life needs. Since the gift will not be used for at least 18 years, we would also like some flexibility to give it later, and/or to give it to his parents in order to support their child, especially if life circumstances dictate it.
If you have thoughts, suggestions, experience, about how to do this (or even if to set up the a gift with this approah) please share. If you need more info, I can provide that as well.
Thanks
First grandchild is on the way! We want to give a financial gift that could be used for college or future life needs. Since the gift will not be used for at least 18 years, we would also like some flexibility to give it later, and/or to give it to his parents in order to support their child, especially if life circumstances dictate it.
If you have thoughts, suggestions, experience, about how to do this (or even if to set up the a gift with this approah) please share. If you need more info, I can provide that as well.
Thanks