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Money and Finances
Reply to "Tax Advantaged things grandparents can do for grandchildren"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Love how OP is sleep deprived with a newbor …but I guess awake enough to ask how much money they can bleed from their parents.[/quote] Jeeezzz, she has a trust. Her parents plan to give her the money, she just is trying to figure out the best ways to do it for a kid. As posters have mentioned, there are many ways to pay direct for things and it's not considered a "Gift". hNW/UHNW families work hard to ensure they gift as much as possible while they are alive to reduce their estate tax amounts. They also often smartly realize that the money has much more impact when kid/family is young than once the kid is 50 and grandkids are 20. [/quote] She said she was so sleep deprived at just having a newborn…normal people focus on their new kid, they don’t immediately come to DCUM to ask the best way to milk their parents. Maybe give it 6 months?[/quote]
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