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Reply to "When do you tell kids about family money?"
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[quote=Anonymous]Different scale here, but I will inherit about $2.5m from my parents that is earmarked for my 3 kids education/down payments/cars. Kids- 20, 17,17 - are aware of the sum. We my oldest turned down a $$$$ college for one that offered much merit aid. 2nd child appears poised to do the same. They want to save that $$ as a cushion. Of course, might be different if they had $2m rather $700k. [/quote]
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