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 for a free consultation.
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