Inheritance clause (age)

Savvy_Sue

Mojisola wrote: »

If I was a trustee of a young person's inheritance, I would be more inclined to release some money early if he/she showed that serious thought had gone into managing a budget.

I agree.

I guess we'll have to hope Grandma's not of the generation which would wonder why the OP only gets in touch when she needs money ...

pollypenny

Am I mad? I thought I was my job to secure housing fir both my kids when in uni.

By that I mean, they found the property but we paid the deposit and month in advance.

This was before student loans, but neither qualified for a grant. We learned too much, but not enough for it not to be a struggle to keep them. They worked on holidays, not term time.

silvercar

Savvy_Sue wrote: »

I agree.

I guess we'll have to hope Grandma's not of the generation which would wonder why the OP only gets in touch when she needs money ...

Grandma as trustee is meant to be looking after financial interests (and remember this is not grandma's money but a trust fund), not rewarding attention with payouts.

silvercar

pollypenny wrote: »

Am I mad? I thought I was my job to secure housing fir both my kids when in uni.

By that I mean, they found the property but we paid the deposit and month in advance.

This was before student loans, but neither qualified for a grant. We learned too much, but not enough for it not to be a struggle to keep them. They worked on holidays, not term time.

Depends on your income levels and consequently how much loan/grant /bursary your offspring gets.

If your income is such that offspring only get non-means tested element, then it won't be enough to cover housing and living expenses.

FWIW we (and quite a few of my friends) do the same, pay the housing costs and leave the students use the loans for living costs.