Some parents enjoy involving their children in the grant recommendation process. This is an excellent way to teach children family values and prepare them to become successful, responsible and caring adults.
You can name them successors to your fund as part of your Succession Plan. You have the option of setting up new funds for each of your successors (min $25K) or you can pass account privileges to your successors. Keep in mind that with the latter option, if you have more than 2 successors, the first 2 will become the Primary and Joint Advisors once the Succession Plan goes into effect.