Giving money to loved ones helps, but not much
We should take care not to go overboard in funding a child at the expense of our retirement adequacy
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Leslie Yee
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.
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