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Reply to "When do you tell kids about family money?"
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[quote=Anonymous]My parents began to share their estate information once my siblings and I hit 30, were married and doing well with our careers. That’s also when very generous annual gifting began plus they have funded 529s for all of the grandchildren. If the annual gifts began in my early 20s it might have depressed my ambition so I’m glad they waited. We are now all in our late 30s and it’s likely we will each inherit a substantial sum but we are all doing well so in no way are we deprived. I do know that if there was suddenly a real need my parents would be there in a minute. [/quote]
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