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Reply to "Inheritance when one child has kids, the other does not "
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[quote=Anonymous][quote=Anonymous]We have a close family member who has done very well financially. They make max gift donations to all of the grandkids (and grand cousins) each year to support their educational needs. But the final inheritance is structured so each child gets the same % [/quote] I still don’t get this…by default, anything they give the grandkids and cousins is: 1. Reducing what the kid has to pay for that grandkid so increasing that kid’s NW and 2. Reducing the total value of the final estate that is split evenly. I don’t care if you do that, but it’s not splitting things evenly. No reason if you give $20k to grandkid’s 529 you can’t gift another childless kid $20k.[/quote]
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