Reply to Why should parents split their estates down the middle?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I personally don't get why more money isn't left to the grandchildren. My parents will be in their mid to late 60s when their parents die, AKA already retired. Whereas my cousins are struggling in their early 20s-early 30s with wanting to marry, but having little money; wanting to have a baby, but don't have paid maternity, nor enough money to take 8 weeks unpaid; wanting to move out of a studio apartment, but not money for a downpayment; and still paying off 50k + in student loans. I'm so glad that our parents will each get 500k+, but man [b]it's already hard to see them taking their month long cruises when we don't have paid annual leave even[/b]. (DH and I are doing fine and don't need the money, but cousins could). [/quote]

This is so bizarre.  What do their vacation choices have to do with your work arrangements?

The reason that parents leave money (for the most part) to their children and not their grandchildren is that the same money, handled carefully, will eventually make its way to the grandchildren, either during the parents' lives or afterwards.  [b]Every parent is invested in the well-being of his/her children.[/b]

My mother left money to me and I am putting part of it in investments for the eventual benefit of my children.  I will give it to them when I think they need it (grad school, house down payment), and they will not know about it before then.  Had my mother left it directly to them, they might not handle it carefully, or might count on it for things that they should work towards themselves.[/quote]

Wrong.[b] Most parents I know want to live it up and die penniless.[/b] My parents plan on taking year long cruises when they are in their 80s[/quote]

So you discuss this with lots of people?

My mother wanted to leave money to her children and was distressed when she had to enter assisted living because she was afraid it would jeopardize that goal.  In the end, there was money left for us.  But even into her 80s, her primary concern was leaving something for her kids.[/quote]

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