This Is the Best Way to Pass Inheritance On to Your Grandchildren
With people generally living longer, grandparents might think time is on their side to decide how to pass their assets on to their descendants. But there's no time like the present to plan to ensure your wishes are fulfilled as you help secure your family's financial future.
There's no shortage of options, including direct gifting, wills, 529 college savings plans, life insurance policies, and payable-on-death accounts in which they directly get, for example, your savings account.
But if you have to choose just one as the single best way for distributing an inheritance, setting up a trust likely provides the most benefits.
Source Fool.com
