I would like to set up an account for each of my grandkids. What would be the best way to do this so I can have some control of assets, but have them in their name and Social Security Number? Is there a way to also keep them separate from being claimed as part of their total assets in the future for financial aide, scholarships, etc?
There are a lot of ways you can do this. Here's a few:
You really need to meet with an estate planning specialist in your state. If a specialist had all your key financial and personal information and could discuss your goals the best option or two would probably be pretty obvious, which would be a lot easier for you then exploring the myriad of different possibilities in a theoretical way.
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