X @Nick Szabo

Financial Planning & Wealth Transfer - A client's son, age 40, earns $92 thousand annually and rents an apartment, while the client possesses $5.1 million in assets [1] - The client initially hesitated to provide financial assistance, fearing it would enable the son [1] - The financial planner facilitated a $225 thousand gift to the son [1] - This gift enabled the son to purchase a home with a yard for his children [2] - The planner advocates for gifting inheritance during the beneficiaries' prime years (e g, 35 years old) when they face significant expenses like housing ($500 thousand), childcare ($2400/month), and student loans ($87 thousand) [2] Real Estate & Housing - Rent was costing the son $2800 per month before the home purchase [1] - Housing costs are exemplified by a $500 thousand home [2]