Parents & Children
For some parents, talking to a child about money is almost as hard as broaching some of those other difficult subjects. But understanding what money is and how to manage it is a crucial life skill parents must pass on to their children. It’s never too early to start giving your child a solid foundation for making a lifetime of financial decisions.
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If you have property that's rapidly appreciating or generating high earnings, and you're ready to pass it down to your children or other heirs but want to continue receiving income from the property for a period of years a grantor retained annuity trust (GRAT) may be a great strategy for you. The goal of a GRAT is to transfer property with minimal gift tax consequences.
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My 6-year-old son has been doing a very good job of picking up his toys and keeping his room straightened. I'd like to reward him for good behavior, but is it too early... Read Answer
Financial Topics for Parents & Children
- 401 (k) Plans
- Annuities
- Budgeting and Saving
- Caring for Aging Parents
- Charitable Giving
- Child Care
- College Costs
- College Savings Options
- College Savings Plans 529
- Credit Cards
- Debt
- Education Planning Basics
- Estate Planning Basics