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Adult Children
Reply to "How many parents still financially support their middle age adult children?"
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[quote=Anonymous][quote=Anonymous] Estate planning. Taxes are the enemy of generational wealth. Instead of waiting for a taxable inheritance, money is shunted down the generations throughout the decades. It's the RESPONSIBLE thing to do. I am not in that situation, but if I were, I would absolutely do the same thing!!! [/quote] This. Parents who do this are not cutting back. They have a lot and they use it wisely. At some point it is only 50 cents on the dollar or less with estate taxes if they just kept it until death.[/quote]
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