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Reply to "Inheritance for children vs grandchildren "
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[quote=Anonymous][quote=Anonymous]My grandfather did half to his three kids and half to the seven grandkids. Obviously each grandkid got less than each kid, but it's been great for our generation, who are buying or improving homes, paying off student loans, going to grad school, or saving for their own kid's college. [/quote] It depends on what the elderly person wants for their money. Giving it to the generation that's in their 25-40 age range is the most beneficial in terms of bettering the descendants. They will spend the money on houses, daycare, student loans and necessities. People in the 60s and 70s that inherit large amounts of money just go on large trips. [/quote]
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