Yes, that’s true. However, it’s often the case that grandparents make a gift of a down payment to ALL of their children. If they’re making education contributions to 529’s they’re funding ALL the grandchildren. Wealthy people have figured this out already. It’s the middle class/upper middle class that end up fixating on CHOICE and how they owe their children nothing and nobody should be offended if they give one grandchild extravagant gifts while ignoring others. Wealthy people are not this stupid. They fully understand the implications of money and they’re using it as a tool to bond their families together instead of blowing them apart. |
Things are not equal, yes; whether that is fair or not depends a lot on how you personally define fairness, and upon circumstances that you may or may not be aware of. If you choose to let that blow apart your family relationships, that’s on you.
My values tell me that my relationships are more than the transfer of material goods, services, or cash. How was your relationship with the grandparents besides this? Are you really willing to torch this relationship over this perceived inequity? Whether you think this is reasonable grounds to alienate your children from their grandparents will say a lot about what your values are. |
I literally said that my sister got free childcare and that does not mean that she owes me money, and you're trying to pivot to "you must be the mooch!" The fact that you cannot conceive that there exist people who don't look at everything our parents do from the perspective of "how is this affecting the money I am owed upon their death" is deeply gross. If you're going to be mad at your parents for anything, it should be for raising you to not know how to be a decent sibling, aunt/uncle, or child. |
People will always judge but that doesn’t mean they get a share - of the choice, of the money, of any of it. Don’t you tell your kids that fair doesn’t mean equal? Or do you treat them all exactly the same regardless of what they actually need? |
Sure, this is something that a disfavored child can overcome. I never said otherwise. They can draw upon resilience and set boundaries so as to not let resentment build up. I never said that was impossible. The difference is that these grandparents are not using their financial assets as tool to build family unity, rather as something that their (unflavored) children have to overcome. The wealthy understand that this is a stupid approach. Everyone in the family is better off when you can work together to build wealth and (equitably) pass it on to the next generation. The middle class’ lack of emotional and financial literacy towards generational wealth is yet another reason why they can never catch up. The wealthy aren’t as naive. |
Either get aggressive too or your sister is going to get EVERYTHING in the estate. I've seen it happen. |
Ummm, no. You are giving the wealthy too much credit. |
I’ve said this is about making the choice to gift something to one person and not the other child, all variables being the same. This isn’t about the gift, it’s about the choice. It’s sad you feel the need to attack me personally because I disagree with you. Says more about you, than me. |
My kids are only teens, but they know this is how we are going handle financial gifts - we will try to be equal. Regardless of their personal life choices, the future doctor will get the same as the future yoga instructor. The more independent, competent child should NOT be penalized because her sibling is less ambitious, hard working. Their inheritance is a gift of our love, unconditional and equal- it's important they feel this throughout their lives, not just as children. And regardless if they care or not, we want to be fair in case it does breed resentment. I want my kids to be close, not drive a wedge between them with MY actions. |
I talked to my husband about this and I think I want to have a certain dollar amount set aside for each child. For example say it’s 250k- the Doctor child can use that for Med school if they want whereas the yoga teacher who did not need to go to grad school can have that money to start a business or a down payment. I think this is more fair as the Med student tuition will cost me more and the yoga teacher didn’t get that pay out. |
My parents have always doted on our youngest son (13), they're indifferent but nice to oldest son (17), and clearly sort of despise our two daughters (19 and 22). No divorce or anything odd behavior wise in my kids. They recently offered to pay for 13-yo son's boarding school -- their totally random brainstorm. |
You decline and tell them the kids get upset when they play favorites and help with college would be better. |