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Reply to "Inheritance when one child has kids, the other does not "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If one kid refused to have kids but could have had them if they chose to then I would provide more inheritance to the one with kids. [b]Reason: kids are expensive. Single or dink isn’t expensive. [/b] Nothing has to be 50/50. It’s your money and you allocate based on your priorities. [/quote] Being single carries a lot of financial penalties. [/quote] Np- no way. Sure being a DINK is better financially than being single but I’m sure a single person has much better finances than those with kids. I spend 4k a month on daycare. College is $$$. [/quote] Yup! Our friends who choose to be DINKs are in a much better financial position. College is upwards of $200-400K for one kid. Daycare is $10-15K/year for 5 years, then we spent $5-10K on activites/tutoring/etc for each kid. Have 2 kids and it will cost you a million $$$ easily. Now imagine being able to spend that on yourself. [/quote] Having kids is a CHOICE. [/quote]Not having kids is also a choice. But it's only the inheritance giver's choice that matters. Imo, giving should always be distributed based on need.[/quote] So if one kid worked hard, did jobs in high school to and during to pay their own way to go to college, graduated, got job, is saving $ and living within means with no credit card debt. The other (no mental illness) didn’t work in high school, barely graduated, jumps from job to job b/c gets bored and lives by running up credit cards. Who is the one you’d give more to for being in need?[/quote] That's not enough info to say who needs it more. All else equal, the screw up kid. If one has kids, and the other one doesn't it would change who I thought needed more, and who gets more. Having kids costs money. If the more responsible one had an ill spouse or high medical costs for themself, that would also change the distribution also.[/quote] Interesting, I’d still do 50-50. Assuming $1 million estate (house & $) and adult kids have no spouses, no kids and no health/medical issues, I’d still leave half to the one who paid own way to college and is living in means. Would think leaving family house and all or bulk of $ to the kid living off credit cards could stir up trouble even if good intentions. Actually, even if add spouses, kids or anything else, would still do 50-50.[/quote]
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