The 6 Biggest Money Mistakes Grandparents Make

11/17/2012 07:45 am ET

It's commendable to be concerned about the financial well-being of your kids and grandkids, and to want to make their financial security your legacy. But don't let generosity to your heirs cause money problems for you and your spouse, a situation that happens all too often. Following are six common mistakes grandparents make when dealing with money matters relating to their kids and grandkids -- and ideas on how to avoid them.