Congratulations! The arrival of a grandchild is always an exciting time. Since many grandparents wish to assist in covering their grandchildren’s future financial needs, it’s also a good time to consider financial preparations for the future. If you hope to provide funds to your grandchildren, both 529 plans and trusts are beneficial options.
A Strategic Approach to Merging Financial Security with Charitable Giving For those looking to blend philanthropy with income generation, particularly in retirement, Charitable Remainder Trusts (CRTs) offer a compelling solution.