My grandmother is planning her wealth transfer right now. She does have an adviser and I think she was advised to distribute some of her wealth before she died to avoid too many taxes. Just as the article has mentioned. So she is actually paying for my college. I was very surprised to hear it because even my parents haven't been able to cover my college tuition. I have been taking student loans.
My grandmother said that her wealth will be left to my parents and eventually me anyway and she'd rather help me pay for college rather than have me take loans and try to pay them later. I am very grateful. I know that not everyone has this opportunity. If there are others out there wondering how to distribute wealth, do think of your children's and grandchildren's education. I think it's one of the best investments one can make, especially considering how expensive college is these days.