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Adult Children
Reply to "Inheritance when one child has kids, the other does not "
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[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] It is 100% okay to give different amounts! For example: My sibling is always "too busy" to help with anything with the parents. We both are a plane ride away. Sibling has not seen parents in 9 years. Only ever saw them prior to that because I paid for their airfare (and neice) to visit us when parents were with us. During major medical issues, sibling refused to come and help (had no real reason not to come, they had no work at that time-ssmmer vacation, and I was willing to pay all expenses, it was just them giving their time) Meanwhile, I help parents with everything (even from a distance), visit a few times per year, helped get them into a CCRC (Paid entry fee), am their POA and executor of the wills, etc. When parents die, I will get repaid for the CCRC entry fee, essentially leaving little to nothing for sibling to inherit. I don't need it, but will take it because sibling is ungrateful and unhelpful. Parents don't really care if they give sibling much. In reality, I'm the sibling who has helped parents for the last 25+ years with time and energy. So it's not far fetched to understand that parents want to leave more to me. [/quote]
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