Grandparents may wish to include their grandchildren in their annual gifting plans as a regular part of their estate planning; in 2024, by combining their individual gift tax exclusions, a married couple filing
Determine how much control you want to retain over the money you gift to grandchildren. Consider the importance of potential tax advantages in your gifting decision.Whether for birthdays or the holidays, one way for grandparents to show they care could be through the gift of education. Many...
As the cost of a college education continues to climb, many grandparents are stepping in to help. This trend has accelerated as baby boomers, many of whom went to college, are now grandparents and have started gifting what’s predicted to be trillions of dollars over the coming decades. ...