There are more than 8 million American children who are not being raised by their biological parents, but instead, are seeing Grandma and Grandpa when they come home from school. The number increases every year, too, according to AARP.
Grandfamilies
Most grandparents say this is not at all what they had planned for retirement. Theyâre basically raising a second family and while itâs not what they saw for the future, most say they are happy to meet the challenge, even if they’re worried for the future. There are those families where Mom or Dad (or sometimes both) are deployed in our nationâs military and then there are those where the biological parents have other societal issues, such as addiction or are perhaps incarcerated. Either way, grandfamilies are the solution for now. But what does that look like for Grandpa’s long term needs and planning efforts? And what happens when the money doesn’t come close to filling the needs of one or two or even more children?
From the financial costs to meeting medical needs to ensuring their educations are secured, grandparents are doing the same things their adult children would be doing if possible. But this dynamic shift is also raising a lot of questions, especially when it comes to estate planning and retirement. It appears, at least on the surface, everything is falling into place; however, there are those legal and financial challenges that must be addressed.
Some of those challenges include:
- Lack of support
- Lack of available resources
- Concerns about financial resources; many are raising grandchildren on their retirement incomes
- Legal concerns about guardianship
- Insurance concerns
Clearly, thereâs reason for concern. Many grandparents are already on very tight budgets and surviving on their retirement benefits, Medicaid and/or Social Security. The addition of a child â or several children â is a stress many simply canât shoulder.
The Cold, Hard Numbers
2.2 million:Â The number of people in grandfamilies who are at or near poverty level in the past 12 months.
10%: Percentage of children in the U.S. living with a grandparent in 2010, totaling nearly 8 million.
670,000: The number of grandparents who had a disability and were solely responsible for their grandchildren.
10%: Percentage of children in the U.S. living with a grandparent in 2010, totaling nearly 8 million.
Estate Planning
This is clearly a new defining factor in the otherwise traditional American family and it affects estate planning efforts. It also means new resources and solutions must be found. It changes everything about the way Americans see retirement and estate planning. While the answers might not be clear just yet, with commitment and a focus on family, the solutions are out there.
To learn more about grandfamilies, resources and how to better protect your estate planning efforts, contact the team at Unsworth Law today.
- Young Families Estate Planning in Vermont - May 5, 2026
- 8 Vermont Medicaid Myths Seniors Need to Understand - April 30, 2026
- Things to Consider If Someone in Your Estate Plan Is Not a U.S. Citizen - April 23, 2026
