Grandparents Day: Honoring Legacy & Planning for the Future
September 5, 2025
This Sunday marks Grandparents Day, a special time to celebrate the wisdom, love, and guidance that grandparents bring to our lives. Beyond family traditions and cherished stories, grandparents often play another important role—they help shape the financial futures of their children and grandchildren.
At our firm, we think Grandparents Day reminds us to consider legacy, education, and financial planning for all generations.
The Financial Role of Grandparents
Many grandparents provide more than just hugs and homemade cookies. Some contribute directly to their grandchildren’s future by:
● Helping with education costs through 529 college savings plans or custodial accounts
● Gifting funds to support milestones such as a first car, wedding, or down payment on a home
● Passing down values by modeling smart financial habits and encouraging saving and investing
● Building a legacy through thoughtful estate or charitable planning
These contributions can leave a lasting mark—both emotionally and financially—on younger generations.
Smart Ways to Give
If you’re a grandparent looking to support your family financially, here are a few tax-efficient options to consider:
● 529 College Savings Plans – Contributions grow tax-free when used for qualified education expenses, and some states even offer tax benefits. Grandparents can also use the “superfunding” rule to front-load five years of contributions at once.
● Annual Gifting – In 2025, you can gift up to $19,000 per grandchild (or $38,000 per couple) without triggering gift tax reporting. This can be a simple way to transfer wealth and reduce the size of your taxable estate.
● Trusts and Estate Planning – Setting up a trust or updating your estate plan can help ensure your wealth is passed down according to your wishes, while also providing clarity and avoiding potential conflicts.
Beyond Money: Passing on Financial Wisdom
Sometimes, the most valuable gift isn’t money—it’s knowledge. Teaching grandchildren about saving, budgeting, or even investing small amounts can help instill lifelong financial confidence. Sharing your own experiences—both successes and lessons learned—can be just as impactful as writing a check.
A Day to Reflect and Plan
Grandparents Day is a time to celebrate the relationships that bridge generations. It’s also an opportunity to reflect on the financial legacy you’d like to leave, whether that’s through direct support, estate planning, or simply passing along financial wisdom.
If you’d like to explore how to make your giving more tax-efficient—or to review your legacy and estate plans—we’re here to help. Together, we can ensure your financial gifts and values continue to benefit your loved ones for years to come.
Happy Grandparents Day from all of us at Olde Raleigh Financial Group!
Sources:
Disclosure:
This information is an overview and should not be considered as specific guidance or recommendations for any individual or business.
This material is provided as a courtesy and for educational purposes only.
These are the views of the author, not the named Representative or Advisory Services Network, LLC, and should not be construed as investment advice. Neither the named Representative nor Advisory Services Network, LLC gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your Financial Advisor for further information.