With the prices of everything going up, especially the costs of first time homes, but also care, furniture and even diapers, may parents of adult children may find it necessary to help out their kids as they “get started” and are having trouble making ends meet, making financial plans for the future, or getting that first home to get into the real estate market.  While many older parents want to help out their kids financially, for a variety of reasons, they may not want to help out the spouses of their kids.

To help out parents, who want to help their adult kids, in this episode of the Ontario Family Law Podcast, Certified Specialist in Family Law, John Schuman, explores some ways that parents can help out their adult children without also giving it to their children’s spouses or partners.  All parents who want to make gifts to their children should check out this episode BEFORE making their gift to make sure that gift goes where they expect.

A video version of this podcast is available on YouTube. 

If you found this episode helpful, check out these other episodes on similar topics:

71 - How the Crazy Real Estate Market affects Divorce and Separation

68 - Will Your Ex Get Everything If You Die?

63 - What Can You Do With a Marriage Contract?

56 - Will My Ext Get My House If I Divorce?

44 - Can You Be Better Off Financially If You Divorce?

40 - How to Keep Your Money in Separation/Divorce

29 - Common Law Separation and Property Division

9 - How is Property Divided After a Divorce in Ontario?

The Ontario Family Law Podcast is a companion to the book, Guide to the Basics of Ontario Family Law, which is available  as a $9.99 Kindle eBook, Kobo eBook, or iBook for your iPad or iPhone and as a paperback from Amazon and better bookstores.