The wealthy child could develop a debilitating illness or be in an accident and suffer injuries that could result in expensive medical bills. Things don’t always stay the same and the adult children could experience complete reversals of fortune. Much better to treat everyone equally. |
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You call it like you see it, understanding that nobody has a crystal ball. My will is not equal for reasons I have clearly articulated in my will. I make no apologies. |
You sound like a joy |
| My BIL has lived with my in-laws / his parents for years and increasingly takes care of them as they age. (They’re still quite independent, but he grocery shops, cooks etc). Their main asset is their house in a rural town. I imagine he will inherit the house and that seems reasonable to me. |
And also a fool. If there is some inequity you want to address with money, do it now. Not after you’re dead. |
Manage your own money. Oh, I forgot you are too busy worried about how other people spend theirs |
You CAN’T manage your own money when you’re dead. Too many people try to do this. They fail spectacularly. |
Blah blah blah. Different people, different circumstances, different choices. You sound bitter about something in your own family. Get help. |
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In regards to what I’m leaving behind: I have one kid, hurrah! 😃 No splitting, no fighting, they get it all.
I’m not getting jack from my parents so there’s that. |
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My parents have quietly made clear I will receive the bulk of their estate as they do not trust my sister's husband, who has significant debts of his own. My sister has a child from a former marriage, a delightful boy, and I have already promised I will do what I can for him as needed, so there is the understanding that in due time the estate will go to him. I am childless.
I will deal with the sister in due time. We are barely speaking and I imagine when the time comes she will be angry but I really don't care. As you can infer, there are other dynamics that have also made it easier for my parents to be very unequal with the division of the estate. |
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My husband's family is like this.
His brother and little sister are going to inherit everything they leave behind. His brother bought a piece of land and let their mother build a house on it, and his little sister "needs" it, so that is why. They will have an investment account and some inherited investment accounts after they pass. All of them will go to my husband's brother and little sister. We don't say a word about it. It's not our decision. We did have our estate documents written such that everything should be divided evenly between our kids, but that's going to be a logistical nightmare. I might revisit this as we age just to make it easier on them/less to argue over. It's impossible to know what will be worth what far in the future when you draw up estate documents. |
No actually there are zero dynamics at play. They can create a generation skip trust to allot your sister share to her child or they can create a trust that grants your sister income only from her share and then the principal passes to her child. There are a lot of ways to set this up. |
At least you own that your a jerkface. That's something, I guess. |
I agree that previous expenditures should influence how much each child receives. My oldest DC has gone to college, grad school, had a big wedding, and received some assistance with both first car and first down payment. Obviously, my younger children who are in various life stages would need to receive more to make things "even." |
I have a child with a disability so go f yourself with your assumptions. Get an effing shrink. |