The sooner you set goals for contributing to your grandchild’s future, the more likely you’ll be able to reach those goals.

Communicate with your children and grandchildren
Coordinate your plans for your grandchildren with their parents. Find out what they need the most help with financially. Perhaps they have enough savings to pay for college but nothing leftover to pay for their wedding. It can relieve stress for them to know that you intend to help. Also, as your grandchildren grow older, talk to them to find out what their goals are, so you can make the best possible contribution towards their future.

Consider these goals
These are some goals you may wish to consider for your grandchildren:

• Paying for college >>>
• Contributing to the costs of raising them >>> 
• Paying their first down payment
• Leaving them an inheritance >>>
• Setting up a trust
• Protecting them with life insurance
• Sending them to a private grade or high school

Define your goals
Define, prioritize and estimate the costs of your personal goals and your goals for your grandchildren with our:

Goal Definition Worksheet >>>

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