DH’s parents have hit the age where they have to draw down from their defined contribution savings, which has essentially doubled their cash on hand compared to last year when they were just getting their defined benefit pensions + Social Security.
Combined with this, DH’s youngest sibling has been needing cash infusions because of various things. But they’re very fair, so if they send something to one kid, it gets sent to all three kids.
A month or so ago they wanted to send us $500 and we were like do not bother, if you must, please donate it to a charity in our name (and after a few rounds of this we provided specific charity suggestions). I think they didn’t want to do that but we also convinced them not to send it.
This month they sent to the group chat with the three kids that checks for $2000 were already in the mail, basically short circuiting any chance we had of saying anything about it. They said it was an early inheritance.
Which makes sense– my parents have been giving my sister and her husband up to the gift tax each year in an effort to get their (state-level) inheritance tax down. (While still forcing my mom to hang up laundry because my father “doesn’t believe” in dryers, and to hand wash dishes because their kitchen is “too small” for a dishwasher. Which, a. it’s not, and b. it’s only been “too small” since the “dishwashers are less efficient” reason became false. It’s not about the environment or money or space, it’s about control. Which, if you’re not a long-time follower of the blog, is probably the main reason I’m estranged from my parents and disowned from any inheritance. I don’t like being controlled.) I don’t think DH’s family is in any danger of hitting the inheritance tax (or even the state estate tax), but you never know what a future legislature will bring.
It’s funny how 25 years ago we really could have used any extra cash. It would have paid down some of DH’s unsubsidized student loans or provided a cushion or enabled us to eat meat from the grocery store. I would have had a lot less stress. But now, $2K doesn’t really change anything. When you’re rich you just get richer. When you’re low income it’s a slog to stay afloat. If it had been this time last year, we probably would have sent it directly to DH’s relative who had the court case, but that’s all over now and I don’t think paying off a couple of thousand on their home equity loan would be that useful in the long run given previous experiences with them using the house for cash.
I have the money earmarked for plane tickets over Christmas– it costs about the same. Maybe we’ll insist on renting a car this year so they don’t have to drive us to the airport.
Do your parents give you money? If you’re a parent, how do you decide on monetary gifts for your children?



