The best way to give money to the family

Thinking about setting some money aside to give to kids or grandkids when they grow up? There are a few issues worth thinking about first.

Summary: Investors who are thinking about setting funds aside for their children should first consider their own retirement. My view was the best thing I could give my children was a good education. If you do want to invest in a physical asset, I would consider LICs, residential property or investment bonds.

Key take-out: Remember, whatever you do for the first born you must do for any subsequent children.

Key beneficiaries: General investors. Category: Economics and investment strategy.

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