I have a client who wanted to leave a dedicated “pot of money” in trust for his grandchildren.  I knew his grandchildren would not “need” the money, so I asked him why?  His answer was the essence of simplicity and love, “We think of it as a kiss goodbye from us for them.”  A simple life insurance policy inside an ILIT for grandchildren accomplishes the goal – a separate gift solely for the grandchildren and very affordable.  We don’t know how our grandchildren will fare in the world, but a kiss goodbye can certainly make their journey easier and remind them how much they are loved.

In today’s tough housing market, some first-time home buyers are looking to their parents for help. Here’s what to know if you plan to do the same.

The New York Times article can be found by clicking here.