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Reply to "Equality vs Equity"
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[quote=Anonymous]when it comes to inheritance.. We have 2 kids. Kid 1 - Got it together, works for high tech, good career trajectory. Saves the max in tax deferred accounts since 22 ($77K this year), worked 2 jobs in college, etc. We also paid for a T20 (full pay). Kid 2 - Not so much. About as intelligent as K1 but not as driven. In-state T75. Based on what we see, and barring the unforeseen, Kid 1 likely end up UMC/rich. Kid 2 will likely end up MC.. maybe UMC if he puts his mind to it. We plan on paying for their kids' college and other life expenses equally, if allowed. We had originally planned to will our assets (8 figure) equally between the two but now thinking of giving Kid 2 more to narrow that gap. I know some folks will chime in with "he didn't work hard enough", but as we get older I see most of life outcomes as mostly luck with a strong illusion of choice. But I digress.. What would you do? We want to start discussions on this topic with Kid 1 (older, more mature). [/quote]
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