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]Assuming we are talking about a sizeable sum here - open and fully fund grandkids' college funds.

Then divide what remains evenly between children.[/quote]

Nope…give each kid the same regardless
Of children.

Since most adults will pay for their kids’ college, this is just indirectly giving one adult child hundreds of thousands of dollars more.

Fund the grandkids to pass $$&s when alive but reduce what the adult child by same amount.[/quote]

I would be so upset if my inheritance was lowered because I had more kids than my sibling. My sibling sees my parents every other year. Im here with them daily. My kids help them out a lot too- weeding, cleaning plus my kids spend a lot of time with them. I don’t think my kids deserve an inheritance but don’t think that grandparents get nothing out of grandkids. I think my kids are my parents purpose for living and their lives wouldn’t have been complete. Why should my inheritance be reduced?[/quote]

You inheritance isn't lowered. You and your sibling get the same. How you spend the inheritance is your choice, on your kids' college tuition or not. [/quote]
I’m someone whose parents didn’t support me. Why do you think all parents would pay for college? That’s dumb grandparent thinking. Money to my parents did not flow to me as their child. (I’m not bitter and don’t need it). Most boomers I know don’t give any money to their children. 
[/quote]

I said pay for college or not, can you read?

I wouldn't know how "Boomers" always do things, because my parents and ILs aren't dead yet. But one set of my grandparents left nothing to me or any of my cousins. My other set left her paltry estate, about $10K total to my aunt. She did the caretaking so my mom wanted her to have whatever was left which was almost nothing. My husband's grandmother on one side left each grandkid $10K, that's it, and then the rest was split between two sisters. My husband's dad was an only child and he got everything, the grandkids got nothing. This is pretty common. Dividing between the siblings only is the easiest way to go about it, least likely to ruffle feathers. It doesn't matter what the recipient wants to do with the money. There's no guarantee grandkids will even go to college.[/quote]

Do you think something should have been done differently here?

My mother's parents were very focused on being equal equal with their five kids. And those five kids had good relationships. Not perfect ones, but good enough to always pull through for each other and assume the best in difficult times.

My father's parents were less well off with his dad dying in his late 50s. His mom, who had always been a seamstress, sewed for as long as her eyesight allowed. Nearly all of their farm had been divided among my dad and his two siblings when his dad died with his grandma living on the remaining 25 acres and the homestead. My dad's sister got their mother to leave the house to her - even though she was the best off of the three kids - and she sold it and profited the proceeds. It was such a gut punch to her siblings. [/quote]

I don't think anything should have been done differently in my case, I'm the PP. Your case is nothing at all like my case. But this is a case for dividing things up equally amongst siblings instead of unequally. Your aunt got everything and the other siblings got nothing. I don't think that's ideal for anyone. I don't know why grandkids are clamoring for a piece of the pie. Their time will come when their parents pass. Just like their parents had to wait for theirs, if there was anything left to divide.[/quote]

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