You know I love Wealth Management and I just read this great article.
NO! is their standpoint and I would agree with that as well.
Other points to be considered too depending upon the state in which the parents live is the Homestead Exemption and if the kids own their own home already.
In any case, speaking with an asset protection specialist is one of the most important things you could do. You worked hard for you money and there’s nothing like an expert to help you invest it, protect it and help create generational wealth…