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CHAPTER 9


Everyone likes to see the people we love, be they fellow church goers, our children or other relatives appreciating the presents we give them. Families with growing children often face hard financial choices from competing demands for funds, some small, some quite substantial. For example, paying for music lessons, school trips, educational holidays, and -- of course -- school or university fees, can add up to a small fortune. And it’s at times like this that help from relatives, if they are willing and able to give it, can be of huge value. More often than not, it is grandparents, rich or poor, who often rise to the occasion and want to help out their children and grandchildren. In fact, did you know that grandparents are the


One way to free up money is to release equity through downsizing.


main source of support for school fees? Some schools even hold ‘Grandparents’ Day’ in acknowledgement of their contribution. It’s not hard to see why this happens. Rising house prices means many older home owners are living in a large pot of gold and take pleasure from the idea of freeing some of it up to share with their younger relatives. Seeing the joy a gift like this can bring is hugely rewarding in itself.


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