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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My grandfather did half to his three kids and half to the seven grandkids. Obviously each grandkid got less than each kid, but it's been great for our generation,  who are buying or improving homes, paying off student loans,  going to grad school, or saving for their own kid's college. [/quote]

It depends on what the elderly person wants for their money. Giving it to the generation that's in their 25-40 age range is the most beneficial in terms of bettering the descendants. They will spend the money on houses, daycare, student loans and necessities. People in the 60s and 70s that inherit large amounts of money just go on large trips. [/quote]

Or, like many people of that age that I know, they invest the money so that they will be able to pay for their care as they age. This way the grandchildren will not have to worry about how their parents will be cared for and what is left over will go to them.

Also, it is good to keep in mind that it is the children whom are typically helping their parents as they age, not the grandchildren, so it makes more sense for the children to inherit what is left over and then they will eventually pass their investments on to their own children when they die. 
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