How do we legally leave our lake home to our seven grandchildren?

If your seven grandchildren are over the age of 18, all you need to do is write a simple will leaving the lake house to each of them by name in equal shares. If they are minors, and you expect that may not all be of legal age to take possession of property, you can leave the lake house in your will to their parents for the use and benefit of your grandchildren. Both you and your spouse should make sure you have wills in place and consult a local estate planning attorney to draft these documents for you so that your family will have no complications wrapping up your affairs.