Originally Posted by hankster
For the past several years, my parents have been giving me and my two brothers between $5k and $10k per year. They want to see us enjoy the money while they are still around as opposed to leaving a larger estate when they pass on.
Originally Posted by 73ss454
What's the saying, better to give with warm hands and not cold ones.
My folks did that for several years for my siblings. They gave them 'a little here, and a little there' to help them along in their lives....with their homes...their kids....schooling...etc. That way my folks got to actually see my siblings enjoying the money, as opposed to waiting for them to receive the money through my folk's estate.
I always had a better job with better benefits than my siblings ever did, so I never really needed or
wanted any money from my folks. I was all for them giving my share (if any) to my sibling to help improve their quality of life. Now, over the past few years, my Mom has been insistent on paying for some of my vacations each year, as well as occasionally a few of my new toys (tools, garden stuff, etc). I don't need it, and I try to talk her out of it, but she insists on giving.......but I think it makes her happy to be able to see me enjoying it.
She hasn't really caught on yet....but I pay for some of her
vacations and most of her day-trips.....so it's pretty much an even wash.