Pay Dirt is Slate’s money advice column. Have a question? Send it to Kristin and Ilyce here . (It’s anonymous!)

Dear Pay Dirt,

I want to give a recent inheritance to my two daughters—$100,000 each. The oldest just bought a house and needs to invest a lot of money fixing it up. This money will make a very big difference to her. The youngest lives at home, has no real expenses, and not a lot of financial acumen as far as I can tell. For my oldest daughter, is there any difference, tax or otherwise, between giving her money or paying for housing upgrades? For my youngest, besides the expense of setting up a trust, what can I do to help her keep this money for important future purchases?

—Sharing the Wealth

Dear Sharing the Wealth,

It’s lovely of you to share this inheritance

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