Grandparents play a unique role in estate planning — you want to provide for grandchildren while navigating complex family dynamics and tax considerations. Options include setting up education trusts or 529 plans, making annual exclusion gifts, creating generation-skipping trusts for larger estates, leaving specific bequests in your will, and naming grandchildren as trust beneficiaries with age-appropriate distribution schedules. Consider how gifts to grandchildren interact with your children’s inheritance.
At SoMD Estate Planning, we help families across Southern Maryland create comprehensive, personalized plans. Contact us about our $1,500 flat-fee estate plan.
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