Reply to What is the best way to give $50k-$100k to an adult child?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I will be receiving an inheritance soon, and I would like to share some of it with my (adult) kids.  I have 4 kids; currently ages 19, 21, 23, and 25.

This is the probably the only way I will be able to share a significant amount of money with them.  We've paid for/are currently paying for their college (undergrad) in full, and our own retirement/end of life expenses are covered.   [b]But we do not have the financial ability to give them hundreds of thousands for the down payment on a house, or pay for major expenses for grandchildren, etc.[/b]

I would like to give each somewhere between $50-100k.   What is the best way to do this?[/quote]

[b]You're going to give 4 adult kids between $50k and $100k, and you think this means you *don't* have hte ability to give them down payment money or cover major expenses for their grandchildren? [/b]

DCUM is so bizarre - no matter how well a person is doing they always post with this hangdog, "I'm just one of the little poor guys, it's so sad how I have to live, all I've done is paid for four undergrad educations and completely funded my retirement, but I don't know what to do with the giant inheritance I'm about to get."  [/quote]
OP here
Did you miss that this is an inheritance?

I'm not claiming to be "poor"--but no, we do not have the type of income or assets to make a 100k gift out of our own money.   Our HHI is $175k/year.  The inheritance will be approx. $500k, so once I give the money to my kids, there will not be much left.[/quote]

I might hold off unless you’re not or can’t planning to pay for weddings, etc. since this could go towards that. [/quote]

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