Reply to mom wants to leave more $ to me than to my brother

Forum Index » Money and Finances

Reply to "mom wants to leave more $ to me than to my brother"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What our family did was say that 70% was to be divided 50/50 between the two children. The other 30% was to be divided equally between all living grandchildren and given to them when they turn 18.[/quote]

I think this is a great approach. [/quote]

I agree.  This is the way to go, because it's conceptually perfectly equal.  I might suggest 80-90% split 50/50, and only 20-10% to split among grandchildren.  Otherwise, if your brother never has children, it might feel to him like your family collectively got 65% (35% + 30%) of the estate, while his family got only 35%.

The percentage to leave to the grandchildren should be roughly what it might cost them to pay for college.  Whether that's 20%, or 10%, or 2%, really depends on the size of your mom's estate.[/quote]

Only it is NOT  equal unless each child has the same number of children at the time of the parent's death.  Let's say that OP's brother did not have any children at the time of the mother's death but later had two. Or perhaps he  contracteds a serious disease that forces him to stop working and take on large medical expenses.  Life has reversed the siblings'  financial situations yet the mother's legacy still will favor her daughter's family over her son's.  There is no way OP's brother is going to consider this unequal distribution equitable.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics