Monetary Gifts

More and more these days I am hearing stories of the eldest generation deciding to give monetary gifts to younger generations. People are living longer and generating more wealth into their later years. If you combine this with the fact that getting ahead when you are younger is getting harder, more parents, aunts and uncles, even grandparents are giving a large cash gift to help. Emotionally this can also be helpful for the older generation. Too often, their money and assets are not passed down until their death. Then, they do not even get to see the positive impact this … Continue reading