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Reply to "Father passes away and leaves $ to grandkids...sibs are not following wishes...."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]That is awful. It should have been divided up among the siblings with portions of their inheritance parceled out to the grand kids in trust with each grandchild getting an equal amount. Example: Two kids One has one kid One has two Estate is a million dollars First kid gets 400,000 and his kid gets 100,000 Second kid gets 300,000 and each of his kids gets 100,000[/quote] Someone will complain. Doesn't matter how its set up.[/quote] I agree. I think it is better to divide among first generation equally. But if person is insistent on leaving to grand kids as well this way is better. People shouldn't get more money just because they have more kids.[/quote] In the example, the person with more kids gets LESS money - $300,000. Assuming there is a trust and the person has no access to the money.[/quote] Yes but his family overall gets the same[/quote]
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