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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Does he know about the brokerage account already or no? If yes, Option 2 does not really seem like helping him beyond what you already have contributed. He may be planning on using that money already for his down payment, and you pulling it then giving it back is not really helpful. If you want to contribute beyond that, decide how much you’re comfortable with giving and let him know up front so he can shop and plan accordingly.
If he doesn’t know, better to tell him now and see what he wants to do. He may prefer to keep it in the account, even if you don’t want to contribute beyond what’s in it already. [/quote]

He knows there is an account with his name on it but does not know how much is in it. Another minor complication is that if we were to give him cash support, we feel obligated to do the same to two remaining kids. All three have accounts with similar balance. [/quote]

If they don’t know how much is in there then they’re not paying taxes on the accounts.  How is it in their names?[/quote]

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