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Money and Finances
Reply to "mom wants to leave more $ to me than to my brother"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why does she think your kids are the only grandkids she will have? Maybe the wife can't have/doesn't want any, but your brother could have kids later with someone else.[/quote] This raises an interesting question though, if as a grandparent you want to leave to your grandkids, how do you do so given that it may still be possible for you to have more? Even if you give to your kids 50/50 with the intent that X% go to their kids, one could have more children than the other.[/quote] I am the poster that said our family did the 705 split 50/50 and the 30% split between grandchildren. because of ages/stages there won't be more than an 18 yr age difference between children so when the first one reaches 18, we will know how many total there are. This wouldn't work for families that have wide age gaps in kids. Also in my grandparents case, the youngest grandchild is currently 34 and has kids of his own - we know there won't be any more grandchildren. Obviously this has to be an arrangement that will work for the individual family. Also our whole family gets along well and is great at sharing as needed. There won't be fights about money.[/quote]
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