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Reply to "Why do so many of you NW adults have Trust Funds or get parental help?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents are giving us the maximum allowed gift amount per year, as a way to pass along the wealth to the kids and grandkids before their deaths so the estate tax will not take as much of it then. It was what they wanted, and it is helping us pay down our mortgage on a regular middle class house, and I have to say it did not occur to us to say no to them for philosophical reasons as some people here are suggesting. Furthermore, we will be happy to help take care of them financially in their old age if they need it. In fact, we already help take care of my in-laws. Families share money, that's the deal, at least for us.[/quote] fail at being an adult[/quote] Are SAHM's adults, by your definition? We're talking about earning money to be self-sufficient, and not depending on another, regardless of their willingness to give/share that money. Correct ?[/quote]
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