Reply to Tax Advantaged things grandparents can do for grandchildren

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Love how OP is sleep deprived with a newbor …but I guess awake enough to ask how much money they can bleed from their parents.[/quote]

Jeeezzz, she has a trust.  Her parents plan to give her the money, she just is trying to figure out the best ways to do it for a kid.  As posters have mentioned, there are many ways to pay direct for things and it's not considered a "Gift".  hNW/UHNW families work hard to ensure they gift as much as possible while they are alive to reduce their estate tax amounts. 
They also often smartly realize that the money has much more impact when kid/family is young than once the kid is 50 and grandkids are 20.  [/quote]

But you see how it sounds like someone is trying to get their greasy grubs on their IL's money, and coming here for suggestions?

[/quote]

not really.  Seems like she's trying to figure out the best ways for them to pay for stuff, so they can pay for more now.  That is what wealthy people do.  And I believe it's her parents, not the ILs. So she grew up in that lifestyle and isn't money grubbing

[/quote]

Some people think that doing anything with your money besides locking it up and using it to manipulate your grown children while preparing to make massive donations to Uncle Sam and the state government is called greed. My idiot father is like this. He literally shut us out of the family after my grandparents died, wrecked their car for the insurance money, and is trying to drain it for his own benefit because my grandparents had an estate plan that didn’t include him. I could sue but it’s not worth it to me, honestly. He’d probably kill my mother if I did. He’s violent.

OP, if the grandparents aren’t offering specifically and showing proof of it, just assume it’s gone and live your life. Don’t allow this inheritance stuff to consume too many brain calories. [/quote]

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