Reply to In laws offered to pay for private. Crazy to turn them down?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it makes sense to turn them down, at least for now, given the circumstances you describe.

Private school over many years for multiple kids adds up to a lot of money. If I were you I'd wonder (not that it is really any of your business) if your in-laws will even out what their other kids families got relative to yours, in their estate planning.
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Since they are (contemplating) turning the money down, I don't know that the grandparents will even remember, or they might think they had their chance given that this appears to be reducing their estate.

That said, my sister asked for a downpayment for an expensive house. Our parents gave it to her, then put the same amount of money in an account for me. It sat there until they died. (Had no idea it was there until they passed. Specific instructions that the account was mine, not to be divided with sister.) [/quote]

This. The money may not be there later, despite best intentions. If it's possible to accept it and put it in savings for a rainy day (possibly including elder care!), do that.

I regret turning down a large gift because my sibling needed it more - I would have been happy for sibling to receive twice as much, but what happened was sibling got the original amount and parents bought an unnecessary third car with the equivalent amount I turned down. Take the money when it's offered. [/quote]

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