Reply to Do you have an age cut off on supporting adult kids?

Forum Index » Money and Finances

Reply to "Do you have an age cut off on supporting adult kids?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]To those of you who are giving money to their kids, are there strings attached?  One poster mentioned the money goes to their brokerage account. Are any of your kids married?  If so, this money could potentially be divided if the marriage doesn’t survive. From my perspective, it’s complicated.[/quote]

Once our kids marry/have a partner we will continue to give.  I trust my kids to have good choices in lifelong partners.  However, the trusts are setup for just our kids and future grandkids, etc.  As long as you are married into our family, you benefit, but you wont leave the marriage with any of it.

But no, there are no strings attached, other than kids need to have a job and be "doing something with their life".  They cannot just sit around, play video games, do drugs and collect $$.  But they can be a SAHP (once kids arrive) and can take a job with a non-profit/lower paying career path and know they will be supported to have a nicer lifestyle than their job can afford.

So far, all 3 kids are in careers and working to advance, just like they would without it.  And they live within a budget their jobs can support. They use our gifts for additional retirement savings and future home downpayment.  We pay for vacations with us. 
[/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