Anonymous
Post 07/18/2012 19:30     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
wow, money certainly changes people.
I think money has made many people more selfish, entitled.
Anonymous
Post 07/18/2012 19:19     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
Anonymous wrote:
Anonymous wrote:Funny this is the typical liberal mindset sponging off either the government Or parents believing they are entitled


Nice generalization! DH and I are very liberal but take zero money from our parents and don't feel we are entitled to any. Just because you are bitter don't wrongly label it as liberal or conservative. I guess conservatives are all just rich and don't worry about these things, like Mitt and George Bush?
Oh yeah, they did it all on their own, I'm sure!
Anonymous
Post 07/18/2012 19:17     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
Anonymous wrote:I'm still confused about the hostility. Altogether, we get about $100K from both sets of parents each year. When our parents pass away, me and my sibling will inherit their estate anyway. So they are giving some of it to us now. Should we not inherit their estate?
How about
One parent passes away
Surviving parent remarries

You inherit nothing.....

Not impossible
Anonymous
Post 07/18/2012 19:12     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
Anonymous wrote:I'm still confused about the hostility. Altogether, we get about $100K from both sets of parents each year. When our parents pass away, me and my sibling will inherit their estate anyway. So they are giving some of it to us now. Should we not inherit their estate?
damn, can your parents adopt me?
Anonymous
Post 07/18/2012 19:08     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I don't live in NW, but my parents died young and left me their money. What would you suggest I do?


Then why are you posting?

duh


Because according to some I guess I'm a leech. So stupid. It's the parents' choice. Where is the line drawn? Are birthday gifts of cash ok? Contributions to 529s? I especially love the "my parents paid for private school and college and now I do it alone!" posters. You CAN do it alone because you had parental help! I don't think there's anything wrong with accepting it if it's offered but don't be all high and mighty about how you've made it on your own.


No, you're in a totally different category. I am an only child who will inherit whatever is left. I will sell my parents' house, make a clean profit from that b/c it's paid off, and I'll inherit all their assets as well. However, my mother, who's still alive and kicking quite well, will live a good long life! So I don't bank on any of that money. I expect her to use it to keep herself happy. So whatever is left is mine.

again - different category

For the rest on this board, I can't wait until their kids grow up and to turn on them. What goes around comes around - and bites you in the ass!
Anonymous
Post 07/18/2012 19:08     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
Anonymous wrote:So many highly educated adults in this part of town still getting handouts from their parents, driving up the price of real estate.
Typical assumption on DCUM, that the wealthy denizens of the Upper NW represent all DC residents. Uh, earth to OP, you ever been to the rest of the city where people aren't trust fund babies? I don't think a handful of rich people are driving up the cost of housing. What's driving it up is that we have jobs here and a decent quality of life.

But clearly your aim is to find another way to feel sorry for yourself - so why do I bother trying to talk sense to you?
Anonymous
Post 07/18/2012 19:03     Subject: Re:Why do so many of you NW adults have Trust Funds or get parental help?
Anonymous wrote:nothing wrong with helping family.


You mean enabling.
Anonymous
Post 07/18/2012 19:01     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
Anonymous wrote:I'm still confused about the hostility. Altogether, we get about $100K from both sets of parents each year. When our parents pass away, me and my sibling will inherit their estate anyway. So they are giving some of it to us now. Should we not inherit their estate?[/quote]

Definitely take it.

And use it toward a grammar course.
Anonymous
Post 07/18/2012 18:57     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
Anonymous wrote:I'm still confused about the hostility. Altogether, we get about $100K from both sets of parents each year. When our parents pass away, me and my sibling will inherit their estate anyway. So they are giving some of it to us now. Should we not inherit their estate?


I do not think that anyone cares (or at least I do not) that parents are bequeathing their wealth to their children or that some parents give gifts of money early for estate planning purposes. The question was more focused on children that are supported by their parents, whether through inheritance or regular checks. I think the hostility is towards adult children that rely on this generosity and live beyond their individual means while either (1) behaving as if they are self-made or (2) expressing the superiority of their choices (private school, 5 bedroom house in Cleveland Park, whatever) towards those that actually have to pay for expenses with earned money that cannot afford the same.
Anonymous
Post 07/18/2012 18:46     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
I'm still confused about the hostility. Altogether, we get about $100K from both sets of parents each year. When our parents pass away, me and my sibling will inherit their estate anyway. So they are giving some of it to us now. Should we not inherit their estate?
Anonymous
Post 07/18/2012 12:59     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
Anonymous wrote:
Anonymous wrote:You are just jealous but you don't realize it. You disguise it by saying you are so proud to be independent or whatever else.

I take gifts from my parents because 1) they offer 2) they can afford it. Why would I decline? That would be dumb. "I am so proud, I will turn down this down payment and save for 20 years myself. I hope inflation doesn't hit". Ummm no. "Trips for my kids?!? Absolutely not!!"

But I also don't discuss it with nosy little twits who have nothing better to do than to count my funds.



Wow. Just wow.



You mean count your parents' funds?
Anonymous
Post 07/18/2012 12:57     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
Anonymous wrote:
Anonymous wrote:So many highly educated adults in this part of town still getting handouts from their parents, driving up the price of real estate.


This just in . . . rich people send children to good schools . . . children graduate and go on to work in high paying jobs . . . rich parents share wealth with children . . . full coverage tonight at 11 pm.

Really, this is not news.


True. Rich people send children to Georgetown/GW, and after they graduate many stay and work/live in DC.
Anonymous
Post 07/18/2012 12:56     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
If my parents were in a position to give, I would damn straight take it!

I wouldn't be snobby or "elitist" about it though....at least I hope not!
Anonymous
Post 07/18/2012 12:48     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
Anonymous wrote:You are just jealous but you don't realize it. You disguise it by saying you are so proud to be independent or whatever else.

I take gifts from my parents because 1) they offer 2) they can afford it. Why would I decline? That would be dumb. "I am so proud, I will turn down this down payment and save for 20 years myself. I hope inflation doesn't hit". Ummm no. "Trips for my kids?!? Absolutely not!!"

But I also don't discuss it with nosy little twits who have nothing better to do than to count my funds.



Wow. Just wow.

Anonymous
Post 07/18/2012 12:46     Subject: Why do so many of you NW adults have Trust Funds or get parental help?
Pretty much now that we don't have a mortgage.