Giving money to loved ones helps, but not much

I DO not know if friends are asking in jest when they inquire if I have bought a home in trust for my primary school-going child.

To date, I have not done so. I would need plenty of cash, as a purchase of a home in trust for a minor has to be funded solely by cash. 

Perhaps it is a no-brainer for cash-rich parents or grandparents to buy homes in trust for their young children or grandchildren.