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Reply to "Inheritance for children vs grandchildren "
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[quote=Anonymous]One grandmother set up mutual fund accounts for us while she was still alive. So that's how she handled the grandkids. Her goal was to not have a whole lot of un-obligated money at the end. She lived very very frugally because she had grown up so poor and wanted us all to live better. My other grandmother gave the money to her kids. I'm not sure how it was split (one didn't have any of his own children) but I know my mom ear marked money from what she got to be passed along to my siblings and I. So she gifted me money slowly over the years (to stay under the taxable gift limit) that she says came from my grandmother. But everyone in my family is stable and has healthy attitudes about hard work and money. So there was no fighting.[/quote]
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