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[quote=Anonymous][quote=Anonymous]A lot of people have set amounts for grandchildren (like 10k, 50k etc) and then their kids split the rest 50/50. I think leaving money to grandchildren is smart because money is really helpful in your 20s and 30s when you're saving for downpayments, paying off student loans and saving up to afford a baby. Oftentimes, you're already retired and have saved for your own retirement by the time your parents die. [/quote]

This is how my grandmother's estate was handled, although I believe it was just a decision by her children (my dad, and two aunts) vs. a direct bequest from grandma.  Each grandchild got $10K and it was really helpful in my late 30s as it went toward home needed home renovations.  I guess technically it was a gift from my parents but they saw it as my inheritance from my grandma which made it OK with my DH to take it (he would not otherwise take $ from my parents).

My parents are also already giving fixed amounts to their grandchildren for college right now (so far $25K each)  as part of their estate planning.[/quote]

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