Reply to Are your adult children grateful for their trust funds?

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Reply to "Are your adult children grateful for their trust funds?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You raised your kids to be ungrateful.  I know plenty of families living off accumulated wealth of prior generations that are perfectly humble and grateful people.[/quote]

+1. Seems this way to me as well.

Also giving the kids access to trusts in their twenties was probably a mistake. I grew up well off and am privileged to have come from generational wealth. My parents were very generous with helping me in my twenties, but there was no access to a huge trust fund. My siblings and I learned to be grateful for their help and to cover as much of our living expenses as possible independently.

Also, are you (the parents) hard working or also beneficiaries of generational wealth? While one of my parents comes from a wealthy family, both of my parents worked very hard in their careers until they retired and they’ve always lived modestly but given generously. They set a good example growing up. On the flip side, I know many people I grew up with who came from family money- their parents lived high on the hog despite not having real careers, and now there is not much left for their kids and grandkids. [/quote]

I’ve read so many times on DCUM that people think that giving funds to descendants when they’re younger (20s and 30s) would have helped so much more in their lives than getting it all those years later. But I guess you run the risk of having entitled kids. [/quote]

Well the key is you don't distribute it to the kids if they are entitled.  Don't want to go to college or trade school and get a job or have a career path?  Then you don't get the money.

Don't try to "live within your means" from your own job?  Then you don't get more money.

If you raised your kids right, it is entirely possible to start giving them money at age 24/25 and still have them be motivated good people.

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