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Should you give money to your parents? Capital or Revenue?
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Many people think if their parents ask for money, they should give it. I have NO VIEW on whether you should give. If I were a life-style consultant i would have had a view. As a finance person it is none of my business - give or do not give I am indifferent.
However, I would think if your parents are on a lower income-bracket it is better to give capital - let that money be invested in their name and let them derive the income...
However, I would think if your parents are on a lower income-bracket it is better to give capital - let that money be invested in their name and let them derive the income...
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