When and How Should I Help My Children/Grandchildren?
This question may be one of the most difficult to answer, because family relationships are complex and can come with a lot of expectations or emotions. Your family depends on you, and you want to support their needs without enabling them. You may also want them to explore opportunities that were not available to you.
In the end, the right answer will only come once you have frank and honest discussions with your advisor, and your loved ones. We will ask open-ended questions to help you determine the right way to help.
One of our favorite quotes on this topic is by Warren Buffett who said he wanted to leave his children “enough money so they would feel they can do anything but not so much that they could do nothing.”