Family funding

Article Abstract:

Suggestions and options are presented for helping grandparents fund their grandchildren's education, and for showing children how to ask their parents for such help. Grandparents can help out, and simultaneously reduce their estates and lower their estate tax payments, by taking advantage of the U.S. gift tax rule, which allows people to give up to $10,000 per annum tax free to whomever they wish.

Economic aspects, Education, Grandparents, Gift tax

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A nest egg for the kids

Article Abstract:

New college graduates are often strapped for money, but a gift from a savings account created by parents would alleviate some financial worry. If $25 per month is saved for a child for five years and then invested at 9% in such as an index fund, it would grow to $21,291 in 20 years.

Evaluation, Investments, Young adults, College graduates

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Money: will power

Article Abstract:

Parents can control who gets their assets in the event of their death by drawing a will. They should select a guardian for their children, name an executor of the will, select a trustee and obtain legal advice.

Planning, Wills

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