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Reply to "How to equalize financial gifts to adult children"
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[quote=Anonymous][quote]Your parents must have a sizeable estate to pay for many grandkids' college tuition. My parents are really concerned about being fair between their direct descendants, so they give equal gifts to each kid to manage for their family/kids as they choose. Grandkids don't directly inherit unless their parent predeceases them, then they inherit per stripes. [/quote] My parents' estate is not as sizeable as you might think, especially when divided by seven kids - they helped pay for grandkids' college, but they absolutely did not pay all costs. Their contributions were meaningful but not so much that we didn't all save for college as well. Basically, I have a parent that really prioritized the importance of an education and wanted future generations to do the same. But the rest of what you said applies to my family as well - parents wanted to be completely fair between their children, so the ultra high net worth sib inherited the same as the teacher.[/quote]
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