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Reply to "Do you lord money and control over your adult offspring?"
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[quote=Anonymous][quote=Anonymous]NP. I don't get the whole "gifts with strings" thing. In most European countries it is the norm that elderly parents transfer a considerable part of their assets to their adult children during their lifetime. It is expected, a normal process, not laden with expectations or a way to control. My parents, poor by American standards, would give me the shirts off their backs, no strings attached. They have, in fact, given me disproportionate amounts of money to help with my down payment. They never mentioned it afterwards. Of course, I am extremely grateful for their kindness and generosity. [/quote] It’s actually like that here as well with families that are more normal and functional. Our tax system is set up this way.[/quote]
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