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Reply to "Trust for kids from grandparents: How should I handle it?"
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[quote=Anonymous]I would make sure college was fully funded (highschool if you need it), keep some around for special opportunities or camps you would not otherwise be able to afford, and save the rest for when they are adults. Each year, Grandpa can fund one special thing- a trip, a camp, etc. I would work as I had planned previously. Not to be mean, but it sounds like he wanted the grandkids to be the primary recipients of the money. You might have some more flexibility in the type of job you can take, knowing that your kids future is secure, but I don't think you not working is true to his wishes. I received money from a grandparent, and it allowed me to have zero college debt and helped me "launch" as an adult. I always think about my grandfather in connection with my college experience- even though he was long gone. I love that I have that added "memory" of him and his contribution to my life. [/quote]
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