The right way to help your children

Parents instinctively do all we can to help our children with counsel, guidance, support and assistance. We like to think we do so in the right measure at the appropriate time. One of the ways parents seek to assist their adult children and their families is via financial assistance. This may be to assist with the purchase of a new home, go into business or private practice, or support their grandchildren's education.

In this interesting brief article produced in Morningstar, Brian Hor of Townsend Business and Corporate Lawyers touches on some of the sobering issues and offers sound guidance.

(Article available courtesy of Morningstar and Brian Hor of Townsend Business and Corporate Lawyers).