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Reply to "Giving kids a down payment "
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[quote=Anonymous][quote=Anonymous]Has anyone done this or are planning to? How much? We’re thinking of giving 100k to each kid. College is already done and paid for. Does 100k help enough or should we give more? [/quote] Are they currently trying to get a house? Or are you giving them this money in advance? If the latter, are there clear "rules" in place about the funds? Or do you literally not care what happens to it? If you give them $100K and they go spend it on booze/drugs & gambling and have nothing to show in 6 months, are you OK with that?[/quote]
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