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Money and Finances
Reply to "Large early inheritance to only 1 of 3 siblings?"
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[quote=Anonymous]I'm interested in what others think of this scenario. Parents are in their 80s and have 3 adult kids, all professionals, married, and doing well. Two of the children, with their spouses, are doing very well financially. The third has a job in the church and their spouse has a well-paying professional job - they are doing fine financially but clearly not as well as the other children. When that child (who also has some health problems) moved to take a new job in the church, they wanted to live in a large house in the most desirable neighborhood of a large city, have their kids attend the best private schools, etc. but couldn't afford to do so (this would be a living standard above that of the other two siblings). As a result, the parents decided to gift $1 million of their estate early to that child. They told one of the other children about it at the time but did not tell the other (presumably to avoid the difficult conversation). Several years later, this has all come to light and it is awkward. The parents' position is that nothing will be done to even things out (now or later) as this gift was for "need". Thoughts? Advice?[/quote]
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