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Reply to "What is the best way to give $50k-$100k to an adult child?"
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[quote=Anonymous]OP here I stated above " we do not have the type of income or assets to make a 100k gift out of our own money" and you have to keep in mind that it would be X4. If we give one kid $100k for a down payment on a house, we have to give it to each kid. If we pay for one grandkid's college, we have to pay for ALL grandkids college. With $175k income, we are not in that position. You really think that's unreasonable? We are not WASPs. My parents (and my spouse's parents) did not do anything like this for us. We paid for our own kids' expenses including college. We funded our own home purchases. All four of my grandparents died within a few years of each other and my parents inherited a lot more money than I'm about to inherit. All of my aunts and uncles did nice things for their adult children during that time; some took their adult kids (and ILs/grandchildren) on amazing luxury vacations. Some gave their kids large down payments for homes. My parents did absolutely nothing for my siblings and I. My parents took multiple luxury vacations each year. Completely re-did their house. Bought two brand new luxury cars. Fine, it's their money. But I want to be different for my own kids. [/quote]
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