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Reply to "Trust for kids from grandparents: How should I handle it?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. Sorry I was so confusing. It's a complicated situation. Even reading and responding to these few posts has helped me clarify my thinking. I really don't resent not inheriting at this point because I know the reason my sister and I didn't get it. And I get why my dad would have made this decision. I won't get into it here, but it's a good reason. [/quote] It is highly unusual for a person to leave money to children or grandchildren unless that person's spouse had predeceased him. The normal course of business is for your mom to inherit the money, and to leave money to her children when she dies.[/quote] OP here This is a good point. My father was VERY ill when he made this decision. This makes it more complicated. I think the reason he wanted to make sure the grandkids got some of the money is because both my mother and my sister are terrible with money, but in different ways. My mother gives it away to random unreputable charities and to homeless people or others down on their luck. My sister also is not great with money. I think he just wanted to make sure this money he scraped together his whole career and worked hard to invest went, in part, to ensure his grandchildren's future. On the other hand, again, he was very ill. I hope he was still with it enough to make this decision rationally. If I didn't agree with his reasoning I would encourage my mom to just keep the money. [/quote]
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