re: savings for grandchild

Probably a few ways to go about it:

1. Entrust it to their parents to set aside and invest.

2. Set up a custodial account for the kids. But once they reach the age of majority, it’s theirs.

3. Go the trust route. This may add a layer of expense and complexity.

4. Or you could just set money aside and invest it. You could provide for it in your will, or just gift it if you are still alive.

And you need to be mindful of the gift/estate tax landscape in all of this.