✉news BusinessPersonal Finance first seen 1 d ago, last 14 h ago, peak #12
Ramsey Show Host Questions Mom Leaving Kids $700K Each at 18
Original: 'It Would Have Been Gone Before I Hit My 21st Birthday': Ramsey Show Host on Boston Mom's Kids Inheriting $700K Each at 18
A Ramsey Show personality has criticised a Boston mother's plan to leave each of her children $700,000 when they turn 18, saying that at that age he would have spent it all before his 21st birthday. The exchange has fuelled a wider debate about whether young adults can responsibly handle large inheritances, and whether money is better handed over later in life or staged through trusts.
Why now: The debate over giving young adults large inheritances at 18 taps into ongoing arguments about financial maturity and estate planning.
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- 'It Would Have Been Gone Before I Hit My 21st Birthday': Ramsey Show Host on Boston Mom's Kids Inheriting $700K Each at 18 · 24/7 Wall St.
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