Incentivize grandchildren by writing them into your will
It’s no secret that I’m a fan of economics-inspired solutions to otherwise hard problems. The other day I happened across an old post by GMU economist Bryan Caplan which I think does this very elegantly, for a problem of some interest to me. The vast majority of wills evenly divide the residuary estate between children. Mine evenly divides the residuary estate between (children and grandchildren). I like this a lot. It makes it unambiguously clear where your priorities in the case of your untimely demise lie....