Why Parents Put Assets In Their Children’s Names
ฝัง
- เผยแพร่เมื่อ 18 พ.ย. 2019
- To request a free zoom video meeting to design your estate plan, click the following link and complete the short questionnaire: aeplaw.cliogrow.com/intake/71...
--
Some parents, for reasons we will analyze, feel compelled to put some or all of their assets into their children's names.
Whether or not it's the "right" thing to do, parents who put assets in their kids' names do it for one of four reasons: (1) tax reasons; (2) protection from nursing homes; (3) lawsuit protection; or (4) probate avoidance. Let's take a closer look.
The bottom line on giving kids assets and taxes? Unless you have a very large estate, there's likely no tax benefit to putting assets in your children's names while you are alive.
Nursing Home Protection. Yes, assets that you put in your children's names while you are alive are protected from your nursing home costs five years after you transfer the assets to your children. However, the family could lose those assets during that five year period if one of the magical five D's occurs to your children: Debt, Divorce, Disabled, Death, or Dumb act. You lose complete control over the assets that you put in your children's names. If you want to protect your assets from nursing home expenses, but retain some control over them, consider a trust that is specifically designed to do that.
Tax Reasons. Many parents mistakenly believe there is a tax advantage of giving $15,000 to each of their children each year. However, if their estate value is below the applicable exclusion amount ($11.4 million for 2019), their children can inherit their estate tax free. In addition, if a parent donates an appreciated asset to a child, the child will be stuck with the parent's capital gains tax basis (carryover basis). But if the child were simply to inherit the appreciated asset, the child would benefit from the stepped-up basis.
Lawsuit Protection. Putting your assets in your kids' names may protect those assets from our future unanticipated lawsuits, but what if your kids' get sued? There are other forms of protection available.
Probate Avoidance. The price you will pay to give up control of all your assets is too costly, versus the probate avoidance benefit that your heirs will achieve when you die. Much has been said and written about using the revocable living trust to both keep control over what you have but eliminate your survivors from having to go through the court-supervised probate process.
One area where I've seen a few folks benefit under the right circumstances by putting assets in their children's names is when the parents have "more than enough " assets to live off of, and the parents want to see their children and grandchildren start enjoying their future inheritance. The parents don't come anywhere close to divesting themselves of everything, but the get to see their descendants go through a "trial run" of the inheritance by putting a small percentage of their assets in the children's name while the parents are alive.
Other than that, I can't think of many reasons where there's a benefit to parents to put assets in their children's names. Can you? Comments welcome.
This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.
Paul Rabalais
Estate Planning Attorney
www.RabalaisEstatePlanning.com
![[MPD직캠] 베이비몬스터 직캠 8K 'LIKE THAT' (BABYMONSTER FanCam) | @MCOUNTDOWN_2024.6.13](http://i.ytimg.com/vi/8qa-nm9bCLs/mqdefault.jpg)
![Yoshi Rinrada - 'มาทำไม' [Official MV]](http://i.ytimg.com/vi/r41xbfRLkLs/mqdefault.jpg)
This is what they should be teaching kids in school!!!
Life finances!!!
They don't want you educated.
I could not agree with you more Aaron, the irony being the biggest complaint kids have is ‘I’ll never use this stuff in real life”
Yet, they don’t teach the life skills they need to just function correctly in ‘real life’
I know a gentleman that teaches his children about saving and investing. Today his 22 yr old has saved $25k. The 21 yr old has 22k in savings and the 18 year old has saved less. Let's face it, not all children listen.
Life lesson is for parents to teach and manage their children's lives into adulthood.
You are so right !!
Ive said for years there should be a class in first year highschool to teach them all the ins and outs of having money.
Great info. I was an only child. I was blessed with frugal parents that worked hard at good paying jobs. We did have a will but I didn't use it. I was beneficiary on their investments, had rights to survivorship on their home, was on their bank account. Took the best care of them possible. Miss them terribly.
God will bless and reward you for that!
Not anymore with joe
Good work,,,,, it’s call karma,,,,taking care of the parents always brings good luck....
@@mariecameau4257 right and what he is doing is wrong. Those that have worked hard and saved her treated poorly. My parents didn't want to be dependent upon the government or a burden to me so they saved for old age. They helped both my grandmothers when they became widows. My mother was an only child so there my parents were all that her mother had to help her. My dad's mother had 5 kids but only 2, my dad and 1 brother helped her financially. Dad told.me in his last years he tried to keep mother and him out of the soup lines. He also said he didn't want her to have to remarry someone just to take care of her if he died before her. They were both very responsible people. I was blessed to have wise parents. I didn't have to worry about hiring help when they needed it because they had prepared. Took a lot of burden off me.
God bless you
I know of someone who stole their fathers assets after his death and left their siblings hanging with ZERO. When asked about what happened, they become super defensive. Greed is real.
My parents put their assets in all six of us siblings names and now that they have passed, it’s a nightmare because selling the 400 acres & household items must be agreed upon by all six to get anything done.!! Horrible shit-storm
Sounds good to me.... They know exactly what they did, keep it in the family, PASS IT DOWN TO YOUR KIDS instead of selling... there's a reason it's called GENERATIONAL WEALTH.
My parents planned everything decades ago and continued to update regularly. Before each vacation overseas, my brother and I were given the "update" on the plans "should something happen". Needless to say, I hated whenever they told us they were planning another vacation.
But my brother passed away from cancer and my parents had to change the planning accordingly. My brother had not updated his will in almost 20 years (and had 2 children since).
SERIOUS ADVICE! You really know how people (including close family) are when someone passes away and my parents realized that. They had to change their planning again because of what transpired.
Plan and update regularly!!!
My husband died a year ago, and i have no knowledge of how to do things. I gave birth to 3 daughters. The first one, died of cancer, at the age of 39. The second one has disowned me as her mother. My youngest daughter has, the brains, and has helped me through everything. I have my life insurance, and bank account, with her on it, She is my executor, beneficiary, everything. I only trust HER with everything. But listening to you has been very helpful, as to what i need to get on paper. Thank you so much!
I’m am an attorney for over 30 years. I don’t practice estate law and and am surprised of how badly informed I was. Thanks.
My Grandfather put all of his assets into a Living Trust. When he died my uncle, as the executor, took control and distributed the assets per grandfather's wishes. It was really easy. A little bit of paperwork needed to be filed and that was it. No probate. Trust was setup in Nevada. Sounds like a living trust is the way to go.
You have a normal family. That's rare anymore
My aunt's house got put in her son's name. Well...him and his wife wanted to sell the house and move somewhere else. My aunt wanted to stay in her home she was in for years. She ended up having to scramble and buy her house back from her own son. She suffered emotional stress etc.. The judge had to side with her son because of the legal documents. Her son was a lawyer! The judge ruled in his favor to sell the house but told him he was a wrotten person. Karma got him. His wife died young of pancreatic cancer. Don't put your home in your kid's names.
rotten NOT wrotten
I am starting to understand why retirees sell everything and live it up in retirement
Holy smokes! The last few seconds read my mind. Giving some $$$ to the kids, nieces, nephews and seeing their best efforts to capitalize on it in a trustworthy/ responsible way is great entertainment and validation for the life you've led.
This channel is so helpful. I've been watching a lot of your probate videos and when I went to go hire a lawyer the lawyer was impressed with everything I knew. These videos are extremely helpful.
I don't think I'd want to put my assets in my children's name.
Thank you for helping me with this information.
Your smile brought me here. This info will keep me coming back for more. My father didn't leave a Will. As a Marine, he was very responsible. I'm surprised and shocked and now we might lose the house because he was ill the last months better he died so there wasn't time to "get his affairs in order"🥺
Better put them in both of your names and your kids because I've been on calls where kids are kicking their parents out after their names are on it
I know someone that happened to. Her husband put $30,000 into a house for the parents to live in with their oldest child. Child was making mortgage payments. Father died, child got married about a year later then the mom found herself put out.
-Better consult with an estate / family law attorney, to get the best advice on how to do this....
That’s what I call ungrateful, rotten kids. The kids are only thinking of themselves. Greedy brats.
Some lawyers want to be power of attorney and they can get 10% of the estate automatically no matter who is left to
Don’t let them know that their names are on it!! Simple!!
It should be noted that while the Federal estate tax cutoff is (this week) at 11.something million, there are some states that have MUCH lower limits, which makes the gifting "thing" a consideration at estate values less than the federal threshold. My home state (Oregon) for example has an estate tax that ranges from 10-16%% on estates worth $1 million or more, which isn't hard to exceed if you own a house in one of the major metropolitan areas and have saved much of anything for retirement...
When you put it in your kids name... it’s no longer yours. 😱
Genius
My friend put her house in her sons name giving time for her to hopefully live the 7 years to mitigate IHT. However, after a couple of years, his sole trader business failed he was forced into bankruptcy and as his mums home was essentially his 2nd home, a sale of it was forced to cover his debts and she became homeless! Beware folks!
Should of formed an LLC.
Oh wow
@@pibblesnbits especially with something like a trading business, I would not want that to be directly tied to my personal finances at all
Wow! Invaluable info. Thank you
I had a friend who basically experienced the same. Mother transferred the home to her and her husband. Husband’s restaurant business went belly-up. They lost the home!!!
excellent Presentation!
Gotta be nuts to transfer assets to children. Kids don't love their parents the way parents love their children. You may have raised them right but you didn't raise your son/daughter in law, and its usually the in laws who married into money who have dollars signs in their eyes. Trusts are a much better alternative, and if you're balking at the price of a Trust, you'll choke on what happens if you don't.
As long as the “ trust” is handled by a trust worthy attorney 😱
Exactly
Ha ha you took the words right out of my mouth! Children can be persuaded to participate in your demise or coerced. There are devious individuals who will stop at nothing for $$
@@juliebergacker5680 a living trust us different than a land trust.
A land trust is best for this scenario and it’s handled by the trustee not the attorney
For real. These kids aren’t loyal.
It's obvious through these discussions we have a cunning enemy stealing our money!
This video came across my feed this morning and I had to watch it because…..I have been considering what are my options are and this video helped considerably. Thanks for your insight and BTW, awesome presentation.
If only i had parents who could have put something in my name, or left something of value. i would have treasured it. Some ppl really jus live for themselves!😐
And some people live off of others.
Your parents owed you nothing. Make your own way in life, like they had to do, by standing on your own two feet, not others!
I was scrolling and came across your vedio.I needed some questions answered and you provided the input that I was in need of. Thank you for sharing. May God bless you and your family.
I like that the TH-cam algorithm is protecting million dollar blessings into my future by recommending this.
My mother put my oldest brother on the title to her house and payed off his debt. He screwed her over and sold the house on her. She lost everything because of him. Screw this idea it’s a extremely bad idea. Maybe put in to a trust with rules. Try and screw anyone over in the family you lose everything and get nothing ever again.
Sadly I know of too many instances where this happened. I agree, it is a very bad idea to do this. I hope the children that have done this to their parents rot in hell.
I am truly sorry to see that happening to you, that is pure evil! Just said a prayer for you. God bless you!
wow unbelievable, i could never do that to my mother.
Right before my mother passed this guy tricked &married my mother, he ended up keeping the home; kicked us out. Make sure you have the "will" talk asap to protect yourself. Humans will F$@& you over most of the time...
Wtf? That’s bad!
You mention not worrying about Federal estate tax if estate under 11M. But states may also tax the estate. In IL estaes over 4M are taxed. One gotta check estate tax for their state as we ll.
Thank-you sir, you gave me some great, timely advice! Much appreciated!
Thanks! That was my intro to this aspect of estate management. I appreciate you work and advice!
Excellent info explained in a way I can actually understand! Thank you!
The best video on estate planning that I have heard, thanks.
Love your channel thx for taking your time out to give Us FREE ADVICE
You make real sense,keep up the GOOD word.
Thank you for sharing this! You popped up into my feed today for the first time. I think this is the 4th video I've watched. Lol! Great info everyone should have, but people seldom want to talk about.
Hello Swift's😊
Mamacita
Glad that this video popped up in my feed, very informative and new subscriber!!🙌🏽
Wow this is an under rated channel! Very good advice! Thank you!
I put my house in a Transfer upon death deed which is legal in a lot of states. It is also called Ladybird deed. I told my kids to get me on Hospice in home.
Thank you for your lesson. Wishing you the best!
Simple to understand, thank you!👍
Good comments, good value! Thanks for the video.
Thank you for starting your show. Great information
Hello Andrea 😊
A friend's Brother, got their Mother to Transfer at least 2 fairly valuable Property's in California.
Brother puts the Property in his personal Trust.
Leaves the 2 Property's to 2 X Girl Friends.
DIES. Cheating the Family of a Portion of the Legacy.
"Moral of the Story"
DON'T GIVE UP CONTROL
Boy, you got this right👍😱😱😱
How about,... Don’t DIE ???
Many People somehow think they will Never Die.
Probate Attorneys Love you guys.
What happened to the children?
Knowledge is power. I appreciate it!
Thanks for sharing.
Super informative. I didn't realize this was not the best idea.
A trust fund, with strict stipulations is the way to do it! Kids seem awfully greedy, and entitled these days!!
Kids are not entitled and greedy, dear, people are.
13:07 I've got 5 great kid's. But you got to be crazy if you think, I'm gonna take everything I own, and just put it in there name one day, because I don't want them to have to go through probate.😂 That is funny as heck. Thank you. I love your honesty. 😂😇🙏👍
Excellent seminar. I hope you did one on the different types of trusts.
Very valuable information . Thank you so much
Thank you for your explanation and analysis. I learned a lot.
Thank you, great advise.
Thank you. Makes sense to find an alternative to putting money in your heirs name
I used to drive a School Bus. My Son is Self sufficient and is finishing up this Year's College in Mexhanucal Engeneering. AND will be working full-time this Summer until College begins this Fall.
To the point and no non scenes information!👍👍👍👍👍👍👍👍👍👍
This was goooooood....thank you greatly for this valuable info💃🏿💃🏿💃🏿💃🏿💃🏿🎯 Just subscribed
Me too!
My mother's house, rental properties, bank accounts and stocks are all in my and my sisters names, not my mothers - but we don't even think about it like that. To us, it's only "on paper" and my mother is in complete control of her house, still handles her tenant/rental properties, and I sign a bunch of checks for her to use for whenever she needs to write one. The ONLY reason she did this was to avoid probate, avoid a nursing home taking everything (God forbid that is ever needed), and if she gets sick and can't take care of her affairs, either my sister or I can take over the rental properties, use the money for her care and there won't be the added stress of dealing with the financial and legal issues - we can pay the house bills, any repairs or renovations needed on the rental properties, all seamlessly. My sister and I can just continue handling the tenants/properties, bills and money as co-owners. I don't see how any of this is bad - she did this about 6 years ago and honestly, I don't even think about the fact that I "own" all my mother's stuff.
Your mother did everything in order and raised good kids. God bless you
I am glad to hear there is good kids like you and your sister. Continue being honest forever and Until Eternity, please never change to do bad things👍🏼🌹
Why would she need a nursing home with all this money and so call good kids 🤔🤔🤔
@@marceledwards-bayo7066 Severe Alzheimer's, stroke causing complete paralysis, coma, needing palliative medical care... we are not a hospital.
@@marceledwards-bayo7066 Same reason my grandmother needed one. When she got Alzheimer's, we moved her into an apartment right in our town so we could help her, then 2 years later when she got much worse we moved her into our house. She lived with us until she started cooking at 3 am, escaping from the house and getting lost, tried to take my dad's car while he was in the bathroom and then didn't recognize us anymore and tried to fight us because she thought we had kidnapped her. After living with us for about 2 years, she needed a specialized Alzheimer's home with 24 hour medical care.
Excellent info! Thank you very much for sharing!
Excellent video. Estate Planning lawyers tend to concentrate on keeping assets out of probate. We should also think about the consequences of each option for handling non-probate assets. Thank you for a very informative and insightful video.
Great info! Glad I ran across this channel.
Hello Googie😊
13:26....slow down and let us look at the title of your book!! Buying and reading this book will give your youtube audience a chance to fully appreciate your wisdom and message. Thnx very much for posting this - you're helping far more people than the number "likes" and "views" represent.
Very helpful and informative.
My family had farmland which was rented out. It was owned in name by my grandmother. My mother was an only child who had 5 children. I was one. In the 70's the farm business was incorporated to save on inheritance taxes. The 5 children went on to have children and my mother wanted to give shares to grandchildren, which she did. Terrible decision which should've been nixed by attorney but wasn't. If you have an LLC the best idea is to have as few shareholders as possible. It was a huge, emotional mess for everyone when the decision was made to sell all the land. Parents , don't hold getting money over your children's heads.
AMEN. It’s a losing battle for everyone.
Cookie(s u
My grand mother has 400 acres and with so many grandchildren and people involved she put it in her will to be sold after her death. I have leased the farm to prepare to possibly purchase it when that comes. Considering everyone this was probably the best choice
My friend put her house and property in the kids name. He put her in the nursing home and moved in that weekend. I think she died of a broken heart
Wow, despicable
that's not what always happens though. I know someone who had his Mom put her assets in his name, so if she needed to move into an adult care facility then the state would pay the bill. He took care of her for many years, so she could stay in her home after her hsuband passed away. Eventually most people do need to move into an adult care facility in their final year of life, if they live old enough (late 80s/90s). And in those cases, the care facility will take ALL of your assets, even if you only stay there for 6 months to a year before you pass away.
Not possible. Has to be five years.
@@sanansa4567 I hope you are wrong about the care facility being able to take all of someone's assets even if they don't stay there long.
That is so evil and heartbreaking.
Really good information. Wish you were in Washington.
Why would you wish that on anybody anymore? Maybe 40 yrs ago it was a great place to live.
Extremely helpful! Thank you!!!
Good information! Thanks for sharing!
Thanks!
That's why it's important to teach kids in early age to be financially literate, know how to save and invest by this when they grow old they know how to protect and grow the money inherited from parents
Unfortunately, it takes both parents to teach these things to kids. I wish it were up to only ONE parent to teach these to the kid. Kids are not taking it seriously if one parent is preaching but the other one undoing that preaching.
It's even more important to teach people to do unto others as it is your desire to do unto you. Children brought up emotionally intelligent will be willing to open up to the facts of life without prejudice and bias.
Great information thanks
Very helpful information, thanks.
Although you may avoid Federal estate taxes you may still be subject to State estate taxes. My state has a much lower wealth threshold.
Gosh! you forgot the number 5 is the most important. " Put assets into your kids names" to prevent wife or husband to take it all.
Or the government!
@lili shyta damn
That should be number 2
lili shyta I might know that guy but could not be their friend.
You're better off loaning it your children with a financial agreement saying they can pay a dollar a week upon death it's automatically there's
Thank you for all this information!
Thanks for the information. Very teaching.
Nice presentation, Paul.
Thanks 😀
Great stuff, really got much out of that one Paul. Thanks !
Great info thanks 🙏
Now, This is the best videos!!!!!
I ask my financial adviser a Question,
And, oh that’s a question an accountant.
I ask the accountant, oh that’s a question for a Lawyer!!
What to make of that?? I appreciate.
Thanks 🙏
Do everything you can to keep EVERYONE OUT OF NURSING HOMES!! It’s just a fact that NO ONE is going to care for them like people who love them! And worse yet, the abuse is over the top!! If you have to put someone in a nursing home, keep your eyes open and be prepared to have to watch everything every minute of every day because they don’t. Shifts change, people quit, etc., etc. Easier to just keep your family with you if you can. After all, most of them gave up so much for you.
Some of the worst places I’ve ever seen. Unless you can afford the ones that are literally 5 6 thousand a month, do not do it if you love this person.
@@c_mac7773 they are living hell. If ppl only knew. The media has purposely marched narrative that elderly are disposable! Kids shows, cartoons, it’s abominable. I pray to God I never end up in one. Bible says, care for your own family. Many countries still do care for own. But America, much as I love it, each has own home, missing on much blessings of multi-generational experience, honor, and just plain rightness. 👍🏼🙏🏼
For those who have a single level home that is safe for their parent and a spouse or adult kids who can help that's the way to go
Well said. I had a business where I served the people who worked there plus became acquainted with the owner. You are absolutely correct. Some were fired for abusing the drugs they keep for those retirees.
@@BlessedBaubles Now that I’m older and wiser I see things differently. I moved out of the house and got an apartment with an older friend when I was 17. We need to stop doing this. I have three daughters and I’ve told them all, you’re not moving out into an apartment, you’re not moving in with a friend, you’re not moving out until you own the place you’re moving into. I will make sure they all have A perfect credit score at 18 and then some. Things I never learned about from my parents. When I say “you are not” doing this you’re not doing that, I do mean just that but you can just come out and say that. The trick is you have to get them to want these things. From a very young age, you don’t want to “make” your kid do their homework, you want to make your kid “want” to do their homework, that’s the difference. We have to teach our kids better. My mother did the best she could but she had three boys she raised on her own with no help from the fathers and no help from the government. She just worked. She worked a full-time job and a part-time second job. Just do better for your family, the younger members and the older ones. Raise better beings. I guarantee my kids will take care of me if needed. 🇺🇸 💪🏻 👊🏻 🤙🏼
In Kentucky the immediate children are excluded from any kind of tax if they are left their parents property
Thank you, Paul! SUBSCRIBED 🎯
One more disadvantage to putting income producing assets in your children's name is the potential for increased income taxes each year. If the parent is retired, they may likely have a low (or zero) income tax rate. The children, which may be in their prime working years and peak earning years will likely have a higher income tax rate. These income producing assets (stocks, bonds, CDs, etc) will incur higher annual income tax after being transferred to the children's name. Thanks for the great video.
Great video! Thank you for posting this!
What about putting assets in multiple LLC's that the parents and kids have access to?
Thank you very much for the valuable informations ,it’s helpful.
Excellent video. I really appreciate the great information!
Before my cousin’s grandmother past, she started converting her fiat currency into physical silver and gold. She started doing this soon after her husband died... and 17 years later she has amassed over 2000 ounces of Silver and at least another 150 oz in gold!
Her estate has no record of the precious metals... but my cousin does😉.
No counter party risk with precious metals.
You can’t buy silver or gold without it being reported by the company you buy it from
@@sharonmetzner1798 do you have to hug silver and gold from companies?
Just curious
@@sharonmetzner1798 Absolutely not true. I have seen several places online where you can make purchases Completely Anonymous! All they need is an address and payment method. And you could pay them with a money order.
@@hilltopgypsy if it’s coins yes but absolutely not bars
@@sharonmetzner1798 I don't know where you're getting your info, but I don't agree with you. What makes you think a one ounce coin is any different than a one ounce bar? It's the same price from the same business. How do you see something different?
Very informative and well presented. Don’t change your presentation style. Thank you for sharing your knowledge.
Never thought about it. Great information.
Very good information. Thank you!!
My Father put his estate in one siblings name for the reasons you mentioned. The stipulation in good faith was the sibling was supposed to split it evenly between all the other siblings. Guess what happened. The sibling KEPT everything including bank accounts and the whole ball of wax to the tune of 600k. No one speaks to the sibling anymore. Blind trust ended up causing sibling to be rejected by the other siblings and a loss of assets
This is sad my parents have done this and I know upon my Dads death what I am suppose to do. Greed is a big thing.
An attorney would of not let him get away with that. I’d make his life a living hell. He’d be glad to split when I got done with him.
The selfish greedy sibling caused the other siblings to reject the sibling. Not the blind trust. Sad.
God willing I will bless my kids and family with a generous inheritance 🙏
State Inheritance tax like Nebraska’s is outrageously high it’s no wonder why kids have to sell the farm to pay all the taxes
Fantastic information. Thank you for sharing
Thank you..this was very helpful!
I think it depends on the type of kids you have. Some will just sell your stuff
Was I the only one that read that title “put assets in kids names” and started listing off names… Ryan Assets, Justin Assets, Amanda Assets.
Love your program🎉❤️
I am helping my 86 cousin and his son sell his house to the son because he is getting senile and had tenants that I help evict and he wants to let them come back. They took his money, stole his car and destroyed his house. The son finally wants to take care of him. We did a gift of equity and the son paid half to his sister and saved on fighting after Cousin is gone. Worked great.
That’s a lot of cousins. I only have 3
One great risk not mentioned is the risk of parent(s) and children becoming estranged after the fact. If there was some expectation by the parent(s) or mutual agreement between all parties that the children would act in the best interest of the parent(s) at some point in the future, this could be a source of great remorse for the parent(s). This idea releasing control of your assets to your children is fraught with unknown and/or unanticipated dangers. Enjoyed your explanation.
Happened to us... now we're in the process of changing everything. Google 'going no contact'. It's happening to parents at an alarming rate, over petty reasons, perceived wrongdoings or the slightest infractions.
this is true, especially when a child has no experience with actually being a parent, they have no idea how much love and sacrifice goes into raising a child. Those that are, if they have a good heart, will immediately understand the sacrifices their parents made (I know, not all are good ones! So spare me, I'm talking about the normal good parents out there, the ones that would go through hell and high water for their child)
If your child talked to you about why they were bitter, angry or hurt and you dismissed them you deserve being cut off. Really that simple. I know parents that can take the brunt of the words their children have said and even went to get help in therapy and their relationships are much better
Narcissistic parents who enable and control their children with money do not understand that the child wants their presence, not their presents. I went no contact after lifelong attempts of trying to be seen, heard, and loved for me, not because I am their scapegoat. I wanted a father, not a bank. It is agonizing that your only worth to them is being a tax write off.
Thank you Sir, valuable lesson
Very helpful, thank you!