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Private & Independent Schools
Reply to "In laws offered to pay for private. Crazy to turn them down?"
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[quote=Anonymous]Ask to put the money in a 529 and for camps/activities and then tutoring-as-needed when they are older. I also would have pause as their financial situation may change over the next 12 years and if they suddenly couldn't pay the tuition, what would you do? I know you are like oh but they are so rich that won't happen. Well, my in-laws with a net worth of 20mm paid 4mm to move into a bougie assisted living facility, and it's 20k + per month to live there on top of the 4mm buy-in. While they are still rich, they would not want to be paying 400k a year for private school for all their grandkids. [/quote]
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