Reply to Why do people care if adult children receive help from their parents/family?

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[quote=Anonymous][quote=Anonymous]My DH and I never received help from our parents because we were both working and doing well enough to meet our needs. Ultimately my DH did very well financially and since we are in our late 60's estate planning is very important to us. We have set up 529 plans for our grandchildren and give annual gifts to our children all as part of our estate planning. They don't need the money as they are all doing well on their own but I have no interest in seeing someone have to pay estate taxes on what has already been taxed. FWIW - we also contribute a lot to charity as part of our estate planning. If our kids were not mature and fiscally responsible we would take a very different approach.[/quote]

You sound very much like my parents. They are incredibly generous with my siblings and I and all of their grandchildren. I know it sometimes bothers my DH that they are so generous because he wants to be the "provider"....which he does very well...but he has a great relationship with my parents so he doesn't question their motivation. He knows it's about estate planning. My parents raised us and taught us to be very good and smart with money so what we receive from them doesn't support a lifestyle we can't achieve on our own. It goes into our savings.[/quote]

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