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[quote=Anonymous]This reminds me of my relationship with my parent before they died. They had a lot of money, but didn't help that much beyond college expenses (which was of course great to have). Offered to be a safety net whenever we needed it, and gave me an annual gift but not anyone else, so didn't gift as much as they could have. Totally their right, but it made my life more typical rather than easy - I worked a lot and didn't get to see my kids as much, always worried about money, didn't take vacations even to see grandparents because we were on a budget, etc.

When they passed away, I came into a lot of money, and had to pay a large estate tax. But its too late to get all that time back for vacations with the grandparents that we couldn't afford to take. And my kids didn't get much of a relationship with them as a result. But they'll be multi-milliionaires someday, so I guess its a win. Just a frustrating reality. I wish they had gifted me and the kids a little more when we really could have used it rather than leave it for inheritance (that was partially taxed away).

I recommend more communication now on tax consequences and gifting rules. [/quote]

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