Reply to Do you accept financial help from your family?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's very possible to wish that without insulting people who are blessed with trusts and the like. [/quote]

Exactly. The bottom line is that if someone's parents are multi multi millionaires and they want to give money to help educate children, etc., refusing that because of some stupid notion of pride is completely irresponsible and silly. These people have never understood the situation and never will. They are envisioning someone stealing money out of grandma's coffee can. I don't see anyone on here who has parents that are extraordinarily wealthy and has refused any kind of help. It just doesn't make any financial sense.[/quote]

Accepting money for educational purposes is one thing. Accepting money so "we can have the lifestyle we want with a 2 million dollar house, brand new cars, etc." is mooching. [/quote]

I'm not seeing anyone who did that. That said, I don't see anything wrong with parents helping with housing either if it puts the grandchildren in a better school district, in a safer neighborhood, etc. Buying an adult child a Range Rover or a boat? Sure, that might be a little different. But I still maintain that people who don't have parents in the situation have no understanding of it whatsoever. There are estate planning and tax ramifications for everyone involved. Like I said, it isn't stealing from grandmas coffee can.[/quote]

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