Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "When do you tell kids about family money?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Our kids are in their 30s, married and doing very well career wise. We are very generous with them but not enough to spoil them or dissuade them from succeeding on their own. But, when my husbands parents died he turned down his inheritance and had it go directly to our kids because we didn’t need it and it would really benefit them. It was about $300k per child. We have been very generous funding 529 plans, likely enough to pay for college or close to it. We have set up irrevocable trusts so they will each inherit a lot of money but since we are each the trustee of each others trust if a real need came up the trusts can be used well before we pass. We told them a few years ago roughly how much was in the trusts and I’m sure they’re worth a lot more now. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
