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Reply to "How common is it for young adults to receive life changing amounts of money from family?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Can’t give you a precise answer but our trust is set up so that if we die while the kids are in college, school is paid for. After that they don’t get anything until about 35 and then again at 40 or 45. I think the split was 30/70. [/quote] I’d rethink this and give money sooner before 35. What if they want to marry? Or buy a house before kids or even be able to afford kids? Dh and I waited for kids. We wanted to save money and buy a house. But then we needed infertility treatments. Money earlier would have made a huge difference. It wouldn’t have changed our career trajectories though. [/quote] Yes. Most trusts have provisions for medical or education that eclipse any age thresholds. I’ve been receiving annual gifting since my early 20s. [/quote]
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