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Excellent point! Self accomplishment is not something you can "give". Something to ponder. Now about leaving inheritence, from my own experiences its about being able to leave something for your kids. Once you are gone you are gone, they can't come to you for help (even if they didnt least...

10K is just a random amount, I have no idea what it will be in 20 years. My motivation is to give my kids a head start, nothing more nothing less. I think it stems from that i was given an amount that was enough for a small deposit for my first house. I was so great full for this. At a time...

This is a good point, however using the example of $10 000 this is only a deposit (small one), you would have to be working to obtain and keep a mortgage. I would like to think that a deposit would be the motivation to work to be able afford it. In my perfect world in my head my kids will...

This was one of our concerns, when we set our fund up, we had an option of making it only available for certain circumstances like education etc. Not sure how that works. We didn't end up doing it because who are we to say that she has to buy a house etc, she may need a car to travel to uni...

You obviously have not read 'where is the green sheep' or 'Elmo loves puppies' more times than you can count on both hands AND feet... in one day variety is the key to sanity lol. Nothing like redecorating with a few bookshelves. - says I who has books stacked up anywhere and everywhere they...

I am not really sure how its done, as in the specifics. All I know is it is some kind of trust that is also in my name (which also goes towards my tax) and it can not be accessed until she is 21. At the time I just went into the bank and spoke to one of their financial planners and told them...

I think kids have way too much these days. I don't remember having anywhere near the amount of toys when I was younger. I think setting up some kind of fund or investment is such a great idea. It's a lot better then spending it on something that will be put in the cupboard a few months down the...