She left a couple of small financial gifts then the rest of her estate was split equally between her 11 grandchildren and great-grandchildren. By skipping her children, Grandma hoped her money would help her family without triggering any inheritance tax issues for her children who have, by now, built up some wealth of their own. Forward planning: Grandmother's money was hard-earned, so it was important to her that she had a planIn the 1950s, her grandparents offered to pay for her son, my uncle, to go to private school. Instead, my cousins and I are left wondering how we prepare our children to be sensible when they receive this money. Consider who you want to inherit your estate, at what age and who will manage the money in the intervening years.

Source: Daily Mail November 19, 2023 16:23 UTC