Lauren Bateman describes why her parents gave her her inheritance early: they paid off her student loans (about $21,000), which removed debt at the start of her career and had a larger positive impact when she was 20 than receiving the cash later would have. The clip frames early inheritance as targeted, timely support that enabled earlier growth.
Give your kids their inheritance now when it's going to help them versus when they need it later. So how did my parents give me my inheritance early? I went to college and I think I graduated with about $21,000 in student loan debt. My parents paid off my debt, so I left college with very, very little debt, which allowed me to grow right away versus if my parents gave me $21,000 right now, would I find something to do with it? Obviously, yes, I would. I'm not going to say no to $21,000, but the $21,000 had a bigger impact on me at 20.
