Balancing Act: Helping Adult Children Financially
Update: 2025-11-30
Description
Navigating Financial Support for Adult Children: A Balancing ActThis podcast episode explores the complexities of providing financial assistance to adult children, especially during the holidays. It discusses the importance of considering your own financial security before helping, setting clear expectations, and maintaining open communication with all children. The episode also highlights the benefits of giving while alive, such as supporting values and potentially reducing estate taxes. However, it cautions against reinforcing bad habits and suggests alternative methods like paying expenses directly or establishing a trust.
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