Reply to Can you contract with adult child for share of future earnings in exchange for tuition assistance?

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Reply to "Can you contract with adult child for share of future earnings in exchange for tuition assistance?"

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[quote=Anonymous]This happens informally in many cultures. I don't think it's a bad idea to talk more frankly about expectations from the beginning.

By way of example, DH (who happens to be Hispanic) had most of his education paid for by his father. Just as DH was graduating from graduate school, his family calls and says his father has no money. It turns out he gave DH too much and made some poor financial decisions. DH and I were newly married and just starting our careers. We were expected to send a check every month. Some of his siblings complained we should've sent more than we were, since DH's education cost the most.

This was a huge stress for us. I'd ask him for how long is this going to last. He'd state they never talked about money in his family. People just paid as they could. I grew up in the US with parents who are accountants. The whole situation seemed so irresponsible to me. We'd both have preferred DH's dad to have saved his money if he needed it for himself. [/quote]

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