My email is on my children's accounts, even my adult children (20 and 18). If they screw up I know about it. My kids are generally well behaved, and I don't have to worry much. However, My 14 year old recently got a warning for the anal thing. I told him his WoW days were over if he got another one. I'm not the worlds greatest parent... far from it, but I would hate to think that one of my kids, adult or not, was being an ass... in game or out. Trade/World/Zone chat is off limits to him now, except for trading.
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