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Reply to "Do you have an age cut off on supporting adult kids?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My one kid is 22, earns like $300k, has $250k of his own money saved and options in a company worth around $5MM (but of course the company needs to get sold or somehow allow employees to sell in a private round). We still are gifting some $$$s for estate planning. I don't feel like I am supporting him at all.[/quote] If you are gifting money for estate planning purposes you must have more than $30m in assets so maybe in a different position than OP. [/quote] DP. This is a good point. DH and I are not in that tier so we do not do annual gifts. We have paid for college, first car, supplemented moving costs and paid the difference between HMO and PPO health care. [/quote]
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