Anonymous wrote:Parents should help kids as much as possible. If able, parents should provide the following:

1. College education
2. Graduate education (assuming a real degree and not a $180k degree in basketweaving from NYU)
3. Down payment for house
4. Family vacations
5. Private school tuition for grandchildren
6. Initiation fee at applicable country club

Why have a purpose. Just gift them money. I get if you are really wealthy and want to do estate planning and what not...I don't get having some arbitrary purpose like paying an initiation fee at a country club.

Also, if you have to "help kids as much as possible"...that doesn't sound like someone that can really afford paying for private school tuition or a country-club initiation fee.

Everyone is missing one of the biggest gifts to your kids...making sure your own aging needs are 100% covered. Do you think your kids will remember all this largesse and pay for you if you end up having to spend millions for your own elder care?

Parents should help kids as much as possible. If able, parents should provide the following:

1. College education
2. Graduate education (assuming a real degree and not a $180k degree in basketweaving from NYU)
3. Down payment for house
4. Family vacations
5. Private school tuition for grandchildren
6. Initiation fee at applicable country club