Education Legacy Planning: Top Strategies for Grandparents

Education planning with grandparents offers advisors a terrific opportunity to engage with and provide value to multiple generations of a family, including those who could be prospective clients. Many grandparents want to help their grandchildren with college but are unsure how to do so in ways that don’t negatively affect the parents’ strategy and are fair to the rest of the family. This session will explore a variety of gifting and investment strategies, discuss a significant new planning opportunity with 529 plans, and provide a framework for advisors to help clients determine whether they want to treat grandchildren equally or equitably.

Learning Objectives:

1. Understand a variety of strategies to help grandparents contribute to college for their grandchildren
2. Advise clients on the favorable new college financial aid changes for grandparents
3. Engage multiple generations of a family and if they have grandparent clients, offer value to children of those grandparents as a way to potentially gain them as new clients