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Reply to "Equality vs Equity"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Spilt it absent disabilities - that amount is in the (high end of the) sweet spot of being significant even when split to be a very generous inheritance/safety net - but not so significant that flat out greed/dynastic wealth kicks in. Regarding giving $$ to grandchildren - do they have kids yet? Do they have a similar number of kids? More kids on the way? Stepkids? [b]That can be a landmine for many reasons[/b] (child with more kids might feel entitled to more, child with no kids might feel it’s unfair, etc etc) [/quote] Grandchildren inheritance gets complicated. You have one family 3-4 grandkids and one family with 0-1. “My brother the financial planner is pushing my parents to leave their money to the grandkids.” Can you guess who has the most kids? Imagine what it can do to the sibling and cousin relationships. [/quote] If they are giving it equally to the grandkids, I disagree. That is fine, as long as there is money set aside in case grandkids are born later, like a trust that sets aside a block amount to be divided equally between all gradchildren after the youngest grandchild turns 21.[/quote]
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