Col. Klink
Recycles dryer sheets
I agree with the others that would like to leave money for their children as inheritance but do not feel obligated to do so. Heard a term in an article once "Economic Outpatient Care" for children. The term refers to paying for everything for your kid. We made our kids work from age sixteen and told them all along that we would pay for tuition, R&B, at our state university. Their work money paid for books and all incidentals. They each got or are getting student loans of about $3K per year. Thankfully daughter number one worked hard, got a job as a nurse in Baltimore, and has relocated there and has a nice little apartment. She can now pay for herself. One of her male friends, who received 100% funding by mom and dad, forgot their were deadlines to apply to graduate school and does not know what he wants to do in life... be a history prof or be a lawyer. Currrently he is working as a landscaper assistant. This is one story. Economic outpatient care can set the tone of making kids dependent. There have been several stories in the media recently about adult children still living with mom and dad.