0
What else can I help you with?
How common is it for parents to gift money from India to their children living in the USA?
It is fairly common for parents in India to gift money to their children living in the USA, as a way to support them financially and help them with expenses.
Is it illegal for your parents to take your money?
In most cases, it is not illegal for parents to take money from their children, as parents are typically responsible for managing their children's finances. However, there are situations where taking a child's money without permission could be considered illegal, such as if it is done fraudulently or against the child's wishes.
Is it illegal for parents to take your money?
In general, it is not illegal for parents to take money from their children, as parents are typically responsible for providing financial support. However, there are situations where taking a child's money without permission could be considered theft or financial abuse.
What are the benefits and drawbacks of living in your parents' house rent-free?
Living in your parents' house rent-free can provide financial stability and support, as you can save money for the future. However, it may limit your independence and personal growth, as you may rely on your parents for housing and expenses.
How much money do American children spend per year on average?
Teenagers spend about $100 Billion a year, and children under the age of 12 spend $11 billion of their own money, and influence 75%, about $165 Billion of their parents money per year.
How common is it for parents to gift money from India to their children living in the USA?
It is fairly common for parents in India to gift money to their children living in the USA, as a way to support them financially and help them with expenses.
What is the most common question parents are asked?
The most common questions that parents are asked would include:Can I go to (friend's house; somewhere other than home)Can I have (whatever amount of money)Will you take me to (whatever place other than home)Can I stay overnight at (a friend's house)Will you buy me (whatever costs money)Can I borrow the car. (from teenagers with licenses)The most common answers from parents include:No.No, not until you do your homework.No, not until you do your chores.Use your allowance.Maybe.Yes (or, yes but with conditions).
Is there a gift tax on money given to adult children by their parents?
No
How can kids save money?
usally a piggy bank is good. if the parents have the piggy aka and the children give the parents the money it will be better
What is Obama worth money wise?
She is a child and not worth any money. Her parents have whatever they have gained. Children don't have a interest in the parents estate until the parents die.
Is there a way to give the next generation of sims on sims 4 the parents money?
Usually the children just inherit the parents' money once they die, as long as the children continue to live under the same household as their parents once they die.
How much money do parents spend on children's birthday parties?
a lot
What is malia Obama worth money wise?
She is a child and not worth any money. Her parents have whatever they have gained. Children don't have a interest in the parents estate until the parents die.
What do you do to owe your parents?
Children are not legally responsible for their parents, so I can't imagine how you would owe money to them.
Is it illegal for your parents to take your money?
In most cases, it is not illegal for parents to take money from their children, as parents are typically responsible for managing their children's finances. However, there are situations where taking a child's money without permission could be considered illegal, such as if it is done fraudulently or against the child's wishes.
What are the disadvantages and the advantages of pocket money?
* That will make the child feel that 'parents money is not his/her money', * 'It could lead to fights between children', * 'Unhealthy competition amongst children on the amount of pocket money they get' * 'Loss of control on where children spend the money'
What happens to the money billy earns?
his parents buy a house town
