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Reply to "Who here is regularly supporting their adult children financially?"
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[quote=Anonymous][quote=Anonymous]I don’t mind if my parents invite us on vacation and pay for it. If we go, we’re there as their guests. We didn’t plan it or decide where to go. If we plan and go on our own vacation, obviously they don’t pay for that. People underestimate the tuition tax advantage. For anyone with an estate likely to exceed the lifetime exemption, paying tuition for grandkids is a no brainer. I’m not saying it should be that way, but that’s what policy is encouraging. [/quote] And if policy changes, they'd just fund a 529 over the years (superfund and then yearly up to $18K per grandparent to each grandkid), to help with estate tax planning. [/quote]
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