Reply to Inheritance/gift to child and spouse or just child?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I mean I get that the inheritance goes just to the child. Its just easier to write it that way anyway. But once it goes to the child, [b]if that adult deems that they won't share that money with the spouse at all or won't use it to pay for joint expenses like childcare etc,[/b] that's a whole different ball game and different issue than the actual inheritance. [/quote]

If you need to use inheritance money to pay for normal expenses like childcare, your finances are messed up.

Once it goes to the child, the child decides what to do with it.  The spouse can provide their .02, but the decision about the money belongs to the person who inherited it.[/quote]

Sure, so we are making the same point. It becomes about the relationship, it's not really about how the money was left.

Also I think you are in a wealthy bubble if you think all inheretences are so big that they wouldn't go to helping with regular expenses. No one said you couldn't afford childcare without an inheritance, but for many people getting 20k or something allows them to shift resources they would spend on say childcare or part of a mortgage to other things that are needed, etc[/quote]

Inheritance is after a person dies.  Gift is when they are living.  A grandparent can pay a day care or school directly to avoid the gift tax.  The issue is the gift tax limit rules.[/quote]

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