Often, wealthy investors who perceive their own children as successful and financially independent may desire to leave their assets to their grandchildren. Grandparents may take a long-term view of their family’s financial situation and believe that their grandchildren will benefit more from the inheritance in the future, especially when some grandchildren are younger, and they want to contribute to their future stability.
When the recipients vary in age, financial status, and ability to handle a windfall responsibly, it is wise to consider using trusts.
The Gwinnett Daily Post is a daily newspaper published in Gwinnett County, Georgia, and serves as the county's legal organ. The newspaper is owned by Times-Journal Inc. and prints Wednesday and Sunday each week.