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Reply to "Parents paying for school"
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[quote=Anonymous][quote=Anonymous]The fact they do its with strings makes me lean toward saying don't take it, you will pay for it with therapy, guilt and misery. On the other hand, it's a great way for them to give a tax free gift and spend down some of their estate. I would put your cards on the table. Make it clear you are enormously grateful for the consideration and you would be interested in accepting, if it is truly a gift. If there are any stipulations or expectations I would honestly get them in writing and respond in writing. That way, 20 years from now when mom wants to move in and be catered to because she funded private school, you make it clear that was not the deal.[/quote] This is just obnoxious. If your parent can afford it (meaning they have more than ten million dollars), take it, and if it becomes a problem, start paying for it yourself.[/quote]
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