I have 12 grandchildren, their ages range from 2 to 12 years, in 3 separate families.
I don’t want the expense of setting up trusts for each of the 3 families, but I do want to buy them a long term share that will help fund their tertiary studies.
Any suggestions?
A: Thanks for the question.
Are you looking for suggestions around the shares, or how to do it?
If the former, how much do you plan to invest for each child?
If the latter, you might like to review a couple of articles we published on this (see links below).
Insurance bonds may also be a good alternative.
Set your kids up financially for life - Part Two
Investing for your kids and grandchildren - Part Three
Please let me know if you need any further help in regard to the shares.
