How to Split Up Money From a Will Amongst the Grandchildren?

Answer Writing a will gives the ability to choose what happens to your assets after you die. Often, grandparents leave money to their grandchildren to pay for educational expenses or to provide a cushion ... Read More »

Top Q&A For: How to Split Up Money From a Will Amongst the G...

Is money given to grandchildren for education a tax deduction?

Up to $4,000 a year for qualified educations expenses are deductible by the grandparent only if the grandchild is a dependent exemption on the grandparent's tax return. Dependents cannot be claimed... Read More »

Can I give my grandchildren money for college& count it on my taxes?

Giving your grandchildren money for college counts as a gift for the IRS, and gifts do not generally affect income taxes. Any amount under the annual exclusion rate, which was $13,000 per gift reci... Read More »

What is the relationship between your sister's grandchildren and your grandchildren?

Your sister's grandchildren and your grandchildren are second cousins.

Does the couple split the money in dancing with the stars?