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[quote=Anonymous][quote=Anonymous]my parents have many times offered to pay for or contribute to the kids privates - and they have net worth of at least $20m - but i would never allow bc i am a GROWN ADULT. Insane to me that ppl allow this. [/quote] Then they need to give quite a bit to charity or it will go to estate taxes. State estate taxes can be hefty depending on what state they live in. You don’t want to die with a taxable estate. This is why my in-laws and so many parents give to the next couple of generations. [/quote]
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