Reply to When do you tell kids about family money?

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[quote=Anonymous][quote=Anonymous]We are not wealthy in a way that kids know about it. We do go on nice vacations but middle class home/cars/clothes etc.  Public school.  Kids are not particularly spendy.  I don’t think they ask for more than if we were a middle class family with ok assets.  They do make judgements (not worth it at that price).  We have told them that we will pay for college. Our eldest is at an Ivy with the concomitant costs.  Our youngest will likely choose similar.

When do we start teaching them about how to deal with inheriting relatively large trusts.  From their grandparents alone they will get $2M each.  They don’t know about this.  From us, they will likely inherit at least that much, probably closer $5M each.  I wonder how we should be parenting differently to keep them grounded.  Right how they are great kids - hard working and planning on taking care of themselves in the future - and I want to see it continue.  [/quote]

Just parent them normally. My parents didn't really tell me until college and it was applicable to my life.[/quote]

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