I have very little time left with my 4 year old Grandson. I am trying to find a way to give him a present each Christmas and on his birthday - probably for about 15 years. Is there anyone that has done this before? Where would I have these things stored?
2006-08-02 19:05:07 · 24 answers · asked by Anonymous in Family & Relationships ➔ Family
Yes there are lot of 'mutual fund' stuff going 'round now a days.
Find a one thats suits you, they will take your money and accordingly return you some amount, but do keep in mind that it all depends upon the profit they make, if the make a big profit, your dividend will be higher and vice versa.
Another way rather a safe one is to put your money in a saving account that offers a good interest rate, this will not only risk free but you will be sure that how much money will have from it...
2006-08-02 19:12:14 · answer #1 · answered by Ω Nookey™ 7 · 2⤊ 0⤋
You seem capable of buying bonds and setting up "finanical endowments". It seems to me you are after a more sentimental gesture.
Perhaps you could designate something from your history that corresponds with his age. For instance, a letter you would've written as a 15 year old, or a toy that interested you as a 7 year old. Of course a letter for his special birthdays and special occassions would be full of meaning... 10, 13, 16, 18, 21, Day day of High School, Graduation, First Day of College, Graduation, Wedding, First Child, First Grand Child. Gifts are difficult, however, you can research nostalgic gifts or give him personal meaningful items like, a pocket watch or something of that nature.
I would purchase a trunk made of wood that has a key, please all the letters and gifts inside and give the key to the parent or gaurdian of the child. Also, make sure the child knows there are special momentos that belong to him in the chest so that he will remind the key holder on those special occassions.
I know that if my grandparents on my mother's side would've done this I would have chersihed it. Especially since my time with them was so short.
2006-08-03 04:34:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think the very best present you could do is make sure he has a college education. Go to a structured annunity and invest "X", and by the time he is old enough for college, it just might be paid for... Material things are going to change, it went from bicycles, to motorcycles, to TV's, to Playstation, to who knows what, right? So think about 15 years... computers as we know them will be dinosaurs... But you know, not many of us cannot afford an annunity, so do a term life... if you want to do a "material" thing every year that he is alive, leave photos, heirlooms, that sort of thing; but remember he will not appreciate the true love of this until he is older... anyone can buy "toys" or the "deal of the day" or "fad of the day"... Just make provisions in your will. Remember how you were at 14, 16, 18, 21... ? If you can remember what your "present" was, you have a memory greater than mine.
2006-08-03 02:15:29 · answer #3 · answered by D 4 · 0⤊ 0⤋
Aww That's Soo Sad.. Use Like A Treasure Box With Like Different Bottles That U Could Put Different Little Memorable Things In ...Then Every Year On His Bday He Could Pick One Out
2006-08-03 02:13:13 · answer #4 · answered by got_milk_its_dairy 2 · 0⤊ 0⤋
wait a minute, assuming you kick the bucket, you may freak this kid out getting gifts from a dead grand parent. I've given this some thought, went through the options of auto payments, trusting someone, and the best answer I can come up with is to take the kid with you when you go. You know the Pharohs took their wives right? Why can't you take a grandchild? This way you can both be in heaven and you hand deliver that gift yourself.
2006-08-03 02:21:22 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Ask one of those lawyer people that set up stuff for you when you die. There also has to be some bank, or service out there that will or can send stuff for you in the future. Ask some family members for help in getting it to him. Your best bet ywould to have it writen in some will and keep it to a certain dollar amount to be able to buy each present. Caue who knows what he will be into in 3 years or 10.
2006-08-03 02:17:39 · answer #6 · answered by Crystal D 3 · 0⤊ 0⤋
A trust fund set up by your lawyer is the answer.Your grandson could get the interest as a present on each occasion,and get the principal on his 18th birthday.
2006-08-03 02:11:56 · answer #7 · answered by hott.dawg™ 6 · 0⤊ 0⤋
A gift bought today probably wouldn't be in good shape 15 years from now. My suggestion is to set up a trust or an investment in his name with the proceds coming due on his 18'th BD to help pay for college. An "Estate Planner" can help you with this.
2006-08-03 02:11:08 · answer #8 · answered by lampoilman 5 · 0⤊ 0⤋
thats so nice, and so sad .. :( i suggest you make a video so that he can remember you really well.. :) and maybe buy 30 cards and write on them for each xmas and birthday,, and maybe a some money or a small gift for some occasions cause that will add up, at the end of the day, it won't be the gift he remembers but the writing on the cards. Most kids i know treasure cards they recieve, i know i do and my daughter does.
2006-08-03 04:26:02 · answer #9 · answered by springo88 5 · 0⤊ 0⤋
Get the parents involved. I'm sure they'd be more than happy to help. Plus, they can find things that are in-date and the child would want, so he'd be extremely excited when he gets a present from grandma and baffled as to how you always knew what he wanted =) This is very great of you!!
2006-08-03 02:08:29 · answer #10 · answered by Leah Rachelle 2 · 0⤊ 0⤋