The Continuing Grandchildren’s Educational Trust

A set amount or percentage of an estate can be set aside for the decedent’s living grandchildren and used for their educational benefit. The Trust will outline any terms the beneficiary must meet in order to receive payments, such as the type of education the funds will be used for or the minimum grade point average the beneficiary must attain. The Trust will also state at what age the remaining principal of the beneficiary’s Trust shall be distributed outright to them.