Wills, Estates & Trusts
Nov. 9, 2026
A gift that keeps on giving: Smart estate planning for grandchildren
Estate planning strategies can help grandparents provide financial support to their grandchildren while minimizing taxes, protecting assets and ensuring inheritances are distributed responsibly.
Megan Ferkel Earhart
Partner
Jeffer Mangels & Mitchell LLP
Taxation, Trusts & Estates Department
Many grandparents wonder how they can help their grandchildren purchase their first home, at what age grandchildren should control their money and how much they should give.
The way in which such gifts are made to a grandchild is important for creditor protection and tax reasons. A well-structured gift can reduce or avoid gift, estate and generation-skipping transfer (GST) taxes. It can also protect the money from creditors and divorce, and keep it from reaching a young beneficiary...
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