Unlike the annual exclusion amount, the lifetime exemption applies to all the gifts you make, rather than on a per person basis, DeFelice said. Now let’s look at your example.

Nikki and her husband, Marty Tomczak, shared a TikTok video asking, “Parents of adult children: At what age did you guys start slowing down on Xmas gifts for them?” They explained that in ...

Here, we explore five specific expenses parents should consider withdrawing from, encouraging their adult children to take the reins of their financial future.

Dear Eric: I recently received a “Christmas wish list” from one of my husband’s adult children. This adult child is in their late 40’s, married and living in a two-income household, both ...

DEAR MISS MANNERS: I received the following from the grown children of a close friend. Is this the trend now, and is it proper? “Mom and Dad will be celebrating their 50th wedding anniversary ...

In today's Asking Eric column, R. Eric Thomas responds to someone who isn't sure if they're obligated to buy gifts for their husband's adult son.

With last-minute Christmas shopping underway, parents have one question: Should adult children still be spoiled? “At what age did you guys start slowing down on Christmas gifts for them ...

Which account would it make more sense to withdraw the funds from? As a rule of thumb, withdraw cash for gifts first from your brokerage account, next from your traditional IRAs and last from your ...

It’s less taxing to give money to your adult children than you might think. A good plan can help you avoid certain pitfalls — and drama.

Q. I want to give money to my adult children each year, maybe about $20,000 each. Should I give them mutual funds I already own, or give cash, or some other way? I want them to save the money for ...

Is there an age parents should stop spoiling kids on Christmas? Are adult kids ever too old for Christmas gifts?