I wanted to add that I personally prefer the above to donating to various organizations/charities/universities, but a lot of people do that as well of course. |
But why is it wrong if their parents want to leave it to PP? PP is their child. If PP then decides to leave their estate to charity since they had no kids that’s their prerogative. But why should they be deprived of their parents estate just because they didn’t have kids. |
In my family my parents made my childless sister the executor and she refuses to follow the will or guidelines and who knows how much she stole from one parent and she has been clear she'll take it all from the other parent from us... we aren't treated the same and the living parent fully supports her behavior. |
No one is taking seriously a post that says "breeder." I mean, look at the same of the site you're on. Gmafb. |
To be blunt, it's the sense that the PP doesn't really "need the money" and so they can look more broadly at what else they may want to leave money to (charities they care about, other family members like nieces/nephews). It's not like they are going to cut out this only child PP but I don't think its uncommon for them to have other interests as well. After all it's their money. |
Or they could just leave it to me, their daughter, whom they love and chose to bring into this world? |
But maybe someone with kids doesn’t really need the money. If you have two kids: a rich one with 4 children, and a struggling childless kid, are you really leaving it all to the one with kids? If yes, that’s honestly pretty f’ed up. |
Yes, of course they could and nobody's saying that it's wrong. But then the question is which charity gets the money in the end, the one that is dear to your parents' heart or the one that is dear to yours? If you are well-off yourself (and statistically childless people are, because you had a lifetime to earn money), why do you want the money? If of course you're not well-off and think you'll have a hard time managing your elderly years, then it's a different problem, I'm assuming here that you're in no need of money yourself (need versus want). |
Well, obviously if your daughter has 5 kids with a billionaire, she's set. I and I think others are talking about average people. Statistically people with kids are worse off (especially women), because kids cost money and parents have to take time off work, impacting their lifetime income flow and retirement benefits. |
"Education trust for grandchildren, then split 50/50.
" Misguided. It still rewards the person who had kids young and had more kids. It overlooks important things like the possibility that a grandkid could get a full ride and not need their share, or that one could requires extra money for special needs. |
"I still don’t get this…by default, anything they give the grandkids and cousins is: 1. Reducing what the kid has to pay for that grandkid so increasing that kid’s NW and 2. Reducing the total value of the final estate that is split evenly. I don’t care if you do that, but it’s not splitting things evenly. No reason if you give $20k to grandkid’s 529 you can’t gift another childless kid $20k." Exactly. Anything that reduces what's left to divide among siblings is unfair. |
"
Those giving the assets do not know the future. The unmarried (adult) child may marry. The unmarried child may adopt. The unmarried child could come down with parkinson's or cancer or become disabled. Who knows? Split it 50/50" +1000 This was my reaction to the PP whose parents gave 30-30-30 to their kids ans 10 to the one current grandchild. Maybe one of the other siblings does IVF and has triplets? Or marries Jeff Bezos? |
People with kids can avoid lots of elder care expenses because they have a built in support system. Rides to the doctor, care when sick at home, moving into the in-law suite are all things the childless will not have. |
This is wishful thinking. People live so long with so many issues that in most cases they need AL and money that that requires. |
Two minds here: One - your parents should pay you back for the CCRC entry fee. I've told a friend that she needs to document every time she pays her mom's taxes in order to recoup anything from the estate if possible. The two other sisters are not contributing towards these expenses - they just can't. But she should try to figure out how she can be made as whole as possible in the most transparent way possible. So, make it as transparent as possible. You and your sis may have troubles, but minimize the unnecessary ones. My paternal aunt took nearly everything when my dad's mom died. She claimed she had been the one who covered everything. It burned my parents because she had been left the much larger parcel of land and my parents had also given my dad's mom a lot of money from their wedding as his mom was a recent widow. My aunt wouldn't take any of this into account and their relationship never recovered. Two - DH graduated from college 2 years after older sister, who spent a lot of time traveling over the eight years after she graduated from college. She and her BF, now husband, would work jobs, save their money, then take off on 2-3 month trips every year. Then for the next ten years she started her family and did not work outside the home. DH started working the fall after college graduation and has been working ever since. He has been more financially successful than she has since college graduation. And he began saving from when he first graduated at 22. Part of him thinks his financial success should be taken into account. BUT if he ends up covering the majority of his parents' expenses, he is not totally sold that she should inherit whatever assets remain and he should get little to none. As he says, "She chose not to save money for her own retirement for eight years. She wasn't working in a lower paid profession. She wasn't a SAHM. She worked jobs, quit them, and then took the 2-5K to take big trips. Why is that getting rewarded?" |