greatchildren

[gorgil]

Could anyone give me a little help on setting up accounts for my greatgrandchildren. I would like for them to have the money when they are 18 to help with their education. As the children are of various ages (from newly born to 5 years old) a problem is to try and give each child, as far as possible an equal sum. Any help would be appreciated.

[Ethel]

Excellent, unbiased advice and information here:

http://www.moneysavingexpert.com/cgi-bin/viewn ews.cgi?newsi

Equal sums are a great idea. My suggestion would be that you decide the total amount you want each child to have at 18, and when that sum is reached, stop adding to it. Hopefully they will all have roughly the same then.