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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I agree with you but it their money and their choice.  There is nothing you can do.  You can talk to your children and see if they will agree to a plan that they do not get money until they are 25.[/quote]

Who would agree to that?[/quote]

I did. My grandparents set up a UTMA account for my siblings and me when I was little, and at 18 it would have become mine. But my dad said “either you can sign this document letting me control this money until you are 31 and your mother and I will continue to add the tax allowed 30k every year, or you get it now and that’s it”. So I signed it, happily. My parents paid for college and grad school and I got a job after grad school and could easily support myself. When I bought my first house at 28, my dad gave me a loan against the UTMA, which I paid back when I got the money 3 years later. [/quote]

I got my trust at 18. I purchased a house in my college town, it appreciated 50k by the time I sold it 4 years later. I was able to pay for grad school. At 22 I bought a rowhouse in DC. Was able to pay for my own wedding at 25, bought a huge house at 27. Started IVF at 30. So many things I would have been able to afford. It didn’t change the trajectory of my life or make me a bum, just allowed me to afford the things I wanted earlier. At least your parents were paying you 31k a year. [/quote]

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