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[quote=Anonymous][quote=Anonymous]My partner and I have debated this heavily. Our parents paid for college so we had no loans, but otherwise we had to figure it all out ourselves. Our careers did very well and our (now young) kids would each inherit 10M by default, but that would probably just mess them up really bad. We both know plenty of helpless trust fund babies.

We want to pay for college, but I'm not sure about house down payments. We want our kids to live within their means and have careers of their own. Unless they grow up to be very responsible and successful themselves we plan to just donate our fortune to charity instead of leaving the kids millions. [/quote]

You can set up trusts to manage how money is distributed.  If you raised your kids right, they can be very responsible and successful themselves, while you still assist them along the way with funds to make it easier.  
Nothing better than living within your means but also having enough to max your ROTH and put $10-15K per year into your 401K when you are 22 and only making $60-70K at your first "out of college job".  Do just that (with parental gifts since most people making $60-70K are not saving $20K+ for retirement and living on their own), and your kid is set for retirement.  By the time they get married/have kids they won't need to worry about investing much more for retirement and can focus on other parts of life.  [/quote]

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