Category: gift giving
-
A letter to a financial expert asking for advice about an inheritance was not your usual request. The question came from a woman whose father-in-law left her 29-year-old daughter—his granddaughter–a sizeable fortune in a trust that was currently being managed by her daughter's father. When the daughter reaches 30, however, she is eligible to manage…
-
Many of us take great pleasure in helping out our children financially. If we have the wherewithal we're likely to help them with a downpayment to buy a house. (Roughly 20 percent of U.S. homeowners received gifts or loans to help them buy a home, according to Money Magazine, and most of that money came…
-
I don't have many rules in my life, but one "good deed" I live by is this: When I give my children or grandchildren a gift, I attach no strings. No rules about how the gift–be it financial, a tangible good or a service–should be used. If I don't trust them to use the gift…
