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Reply to "Can anything be done about inequitable will?"
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[quote=Anonymous][quote=Anonymous]My uncle passed away recently (mom’s brother) and we knew he was wealthy but did not know just how wealthy until the recent reading of his will. His wife died many years ago and they never had children. He was fond of my oldest daughter who is 8, but I would not say they had a super close relationship although that is irrelevant anyway. We only saw him once per year and he would show her card tricks which she loved. Turns out that other than some charities he has earmarked for generous donations, he is leaving several million dollars to my older daughter. This is a bit awkward since he didn’t leave anything to my other child or my nephew. The money has been set up in a trust and there are some rules about what it can and can’t be used for. My parents and brother are baffled and furious because of this strange inequity - again it’s not like my daughter had much of a relationship with him at all. I am worried about sibling resentment down the line when my younger one realizes the helping hand my older one got to pay for college and grad school, a down payment on a home and so much more. While we can certainly save up for our younger child to go to college and grad school, we can’t give her the kind of money my older one will have at her disposal. I am also not thrilled about my older one having quite that much money as I worry she will never work as hard (or even feel she needs a job post college) and just become a lazy trust fund kid… so I would be thrilled to give some to the other two kids but it doesn’t seem like that is a possibility. Has this happened in any other families specifically with younger kids? It seems like the answer is no, but is there any way we can redistribute some of the money to the other kids so they get something too? My parents, brother and I are not trying to get any money for ourselves so that is not at all what this is about - it’s purely about the kids here. [/quote] Of course you have no desire to get money for yourself! We know you're only thinking of fairness. Thanks for my first belly laugh today.[/quote]
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