A Meaningful Gift: Funding Your Grandchildren's Higher Education 🎁 | Investment Planning | Finsherpa

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📌Time stamps: 00:00 Intro 01:21 Ways to provide for your grandchild's education 01:38 Start investing in the name of your grandchild. 01:53 Make your grandchild a nominee 02:19 Write a will that has assets and bequeaths a portion 02:35 Can I invest directly in the name of my grandchild towards their long term needs? 02:50 The products must allow a third party (grandparent) to make an investment for the child (minor). 03:14 KYC and Aadhaar, PAN card linking will be required for parents as well as grandparents contributing the funds. 03:40 The product features may include a lock-in period or a limit on the amount that can be contributed every year. 03:55 The child must do KYC as they become major to access the money. 04:28 You can invest either as a lump sum or periodically, like RD's and SIP investments in mutual funds. 04:55 Make them the nominee of your investments. 05:20 Writing a will. 06:02 Child/Grand Child's Higher Education Planning Calculation