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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We gave our only DS our McLean house, worth about 3M, when he got married at the age of 27.  We also set aside 1M for their kids future education, and paid off my DIL 80K in student loan (DS was college’s debt free).  DW and I live in a two bedrooms condo.  YMMV.[/quote]

Those are life-changing gifts. So you downsized into a condo and transferred the title to your son and DIL?  Any cost to him or you for this transfer?  We are in a similar position with our DS. [/quote]

I'm interested in this as well...for a much more modest property, lol...but I want to move in about 5 years and maybe would keep the property in the family...my other option would be to become a single property landlord.[/quote]

Also...my parents paid for my flagship college and gave me a two-year-old car and $5K at graduation.  There weren't phone plans then, lol.  I inherited a bit of money from my grandparents.  $10K at grad and $30k later?  I still have all of it saved.  I am female, my groom and I paid for most of our wedding.  Parents covered my dress and the flowers.  I was grown and flown at that point.

This is the remnant of a now dissipated 19th century rich family.  No trusts.  Still grateful and paying it forward.

My mom wanted to give me money to buy a bigger house but only for that. So we said "no thanks".  [/quote]

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