Reply to Why do so many of you NW adults have Trust Funds or get parental help?

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[quote=Anonymous]My parents have helped us, and I'm very, very grateful.  My dad is an immigrant, very much the stereotype who came here with nothing, worked very hard (military, odd jobs, then college), and went for every opportunity presented to him.  My mom was raised by parents who were products of the depression, and were very careful with money as a result.  My parents did not have a lot of money while I was growing up - I honestly did not realize this until after high school, because they managed their resources so well (negotiated for a nice house, were very frugal with expenses and cars, etc).  My dad had a successful first career in government - working his way up from the bottom - that turned into a very lucrative second career in private industry when I was in my 20s.  They are retired and will have no financial concerns - I will never have to worry about them, which is a blessing.  My dad frequently talks about how he wishes he had had money when he was younger - that there were so many things he would have done, interests he would have pursued, had he had the resources.  My parents decided several years ago that they would prefer to give away their money now rather than wait to pass along an estate when they die - people in my family live a long, long time (100+ isn't unheard of), and they thought it was silly that it would convey to me and my siblings when we potentially would be in our 60s or 70s.  So they have given to organizations they feel strongly about, and have been very generous to family.  Have I accepted what they've provided?  Heck yeah, and without guilt.  DH and I both work very hard, but we're not in fields that will give us a large financial cushion.  We would have been fine without their support, but the extra money has allowed us to pay off our house early, make some expenses more manageable, and, most importantly, worry less about the future.  And again, for all of this, I'm so, so grateful.  I hope that DH and I will have managed this legacy well enough that we'll be in a position to help out our children in a similar way when they're grown.      [/quote]

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