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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We're hoping to be able to do this for one child because we paid for grad school for the other. The problem is that one of us has a diagnosis that typically leads to very expensive long-term care. So we're not at all sure we can be handing over six figures.
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You shouldn't---you should be saving/focused on your LTC [/quote]

We know. We have several million dollars, though, and the other person has LTC insurance. So even if the one of us with the chronic conditions depletes a couple million in care costs, we'll still have a couple left plus the LTC for the other partner. Believe me, it won't be handed over unless we can handle it. Just food for thought for others who may not have considered a surprise diagnosis at this time of life. [/quote]

Agreed!  You should not hand your adult kids large amounts until your are 100% set for retirement and old age and that includes assuming 3-5+ years of LTC/care for a major medical reason.  You might not need it but if you do you want to be ready [/quote]

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