Any parents tempted...

jym626
Tue, 13 Dec 2011 22:41:16 +0000

Well, quite the opposite situation here. We are giving our s. the money that is in his name that was earmarked for college (he got a scholarship so there is a decent amount still in the coffer), the investments that are in his name and the savings bonds that are in his name. He’d initially planned to go to grad or professional school and was going to use the $ for that, but has decided against that for the time being. So DH feels (I am not so sure I agree, but the $ is in DS’s name and he is of legal age) that we will give the $ and the control over it to DS as is his wish (he has already accepted a well-paying job to begin after graduation so will not be living off this money). Two main caveats-- no fancy car and no time in a casino. So I hope there will not be a red ferrari with the license plates “unused cllge fnd” on it.