Thanks for your question and good morning.You can leave it to your grandson in your will in trust.You would need to name someone as trustee of the property for the benefit of your grandson.You should consider a local lawyer to set this up properly within the will.This is certainly possible.Again you will need to name someone here say the son or someone else you trust as executor and trustee int he will.The lawyer would prepare this will to make sure your last wishes are carried out to keep the property in the family and pass it to the grandson.Certainly it is possible to do so here with some estate planning.You seem to have thought this out very carefully.I do not see any cons here assuming you name a trustee for the property within your will until the grandson is of age.The property can then pass to him directly.You can locate an estate planning lawyer here through your state bar lawyer referral
It has been my pleasure to assist you today.Please let me know if you have more follow up.Thanks again.
I hope that you will be so kind as to leave a positive rating. If you do have any additional questions about my answer please click the "Continue Conversation Link" so I can provide you with a fully satisfactory answer. Please be aware that any rating of 1 or 2 is reflected as a negative rating and I receive no credit for my answers.This communication does not establish an attorney-client relationship.Information provided here is not legal advice. Rather it is simply general information.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).