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Reply to "Would you be upset if parent's inheritance went to your kids instead of you?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]I wouldn't be offended if my parents did that. In fact, I was surprised (but not hurt) to find out that the grandchildren didn't factor into my parents' will at all. They've always said they wanted such & such account to go to their grandkid's college education [/b]but instead have written their will so that all accounts will be split up among their adult children; there's no special set aside for grandkids' college like they said they wanted. It's their money though and if that's what they want, I respect that and don't take offense. In your situation, since you have so many financial burdens, I might expect your children to cover more of their educational expenses once their inheritance comes through since they'll have the funds to do so and you won't. [/quote] I find this a bit strange, my gram is intent on leaving something in her will for the grands and great grands -- I keep telling her not to. Just give it to your 3 kids and when they pass they can leave whatever they want and have to their kids. Seems silly to try to split stuff up over a whole bunch of people and generations. [/quote] I don't think it's silly. People should have their money given wherever they like. My parents had set up a college account for one of their kids, ended up not needing it due to scholarships, and intended to roll it over to the next generation's college funds - it was always intended to pay for some one's education and hopefully, one day it will. If this generation doesn't need it, perhaps the next will. [/quote] What I was saying was silly was being upset that the grandkids didn't get anything!!! Bottom line is it is their money, if they want to leave it to the cats, yea for the cats![/quote]
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