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Reply to "What do parents "owe" their adult children?"
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[quote=Anonymous][quote=Anonymous]This is how my Dad's family handled this: During my Grandparent's life, if one of their 6 kids needed help and they were in the position to give it, they would. But they kept track of every "loan" and who paid it back and who didn't. Then when they died, their assets were split evenly between the kids, minus the 'loan' money. [/quote] You had wise grandparents. Perhaps they read "Beyond the Grave"? I highly recommend this book, written by two estate attorneys about how decisions made by even loving parents can have unintended consequences for their family and recommendations on how to accomplish your objectives for your estate. [/quote]
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