DEAR ABBY: Our daughter recently gave birth to a baby boy. We would like to establish a college fund in his name, but we have a dilemma. Our son-in-law has two children by a prior marriage. We have an excellent relationship with all of them and do not want to hurt anyone's feelings. However, my wife and I are retired and are not in a position to fund three programs. What do you suggest? -- PROUD GRANDPA IN NEW HAMPSHIRE
DEAR PROUD GRANDPA: You are a loving grandparent. Please do not feel awkward because you cannot be as generous as you would like. Talk to your CPA or your attorney and ask for referrals to financial planners whom they trust. When you find the right adviser, discuss your entire situation and ask for recommendations.