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Reply to "How do I/should I talk to my mom about money and sibling issues?"
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[quote=Anonymous][quote=Anonymous]I think some of you failed to see this clarification by OP: "To be clear, the house she just bought him is already more than twice the value of the two college accounts. And that was just this year’s gift. She gives him about 50k/year, every year." The house cost $350K, and that is more than twice the value of the two college accounts. So, the most that the college accounts could be valued at is $175K. Split that in two and you have $87.5K for each kid. That is by no means a free ride college degree at a 4-yr residential college. [/quote] I saw that, and I also saw OP say that college contributions are less than 5% of the joint account held by the mother/brother. So this is a $3mm issue, at least, I would guess. I would probably have just asked my mother when I saw it - but my mother also doesn't have that kind of money, so maybe a different relationship.[/quote]
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