Reply to college children and money

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[quote=Anonymous][quote=Anonymous]Each kid gets $550K.  How they choose to spend it is their choice.  Because Son#1 chooses to spend it all, does not mean because Son #2 doesn't, that Son #2 should give 1/2 to his brother.  It means son #1 should have spent his money more wisely and stop being greedy.  Why should son #1 get more.  They should get equal.  I will never speak to my sibling again over money.  Fair is each gets the same amount and they need to understand how they spend it impacts later choices.[/quote]

This is a very transactional and unfulfilling way to look at family and spending within families.  If I had raised DS#2 in the OP, I would have felt that I had done something wrong.  My youngest would absolutely ask if he were DS#2.  But I would laugh at him and he would go in with life happily talking to both me and his sibling (and looking for other ways to bend life circumstances in his favor).

What if in the future, DS#2 has no children and DS#1 has two.  Would DS #2 be entitled to demand his “share” of grandparent gifts?   Where does this type of accounting end?[/quote]

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