I've been working with a family recently and we set up the grandmother's estate plan to leave things for her daughter, but the daughter and her husband both passed away so now things going to go to the grandson of the grandmother so it has been 4 generations of this great family that we have been working with. We are now setting things up so that the grandson who has some young children and take some of this inheritance that he received from his parents passing away and set up some trusts for her children so that he knows that the rest of his life time no matter what happens to him, his two young daughters will always have funds set aside for them in trust, so that they have a head start on life and have a gift from their grandparents.
It is never too early and it is never too late to start estate planning. It can have a profound impact on your family, your relationships and your descendants. Just with some simple planning and some simple strategies you can make sure things stay in the family. If you have questions about that call at our toll free number, 866-491-3884. Have a great day!