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Reply to "Large early inheritance to only 1 of 3 siblings?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s their money and there’s no obligation to give everyone the same. [/quote] Or to give it at the same time. One set of former in laws got $30k a year from my then MiL to pay for Jewish day school for their eldest (wife was SAH). They considered it differently than disbursements from the parents to the other kids for down payments for cars/mortgages or other expenses. Cue a lot of anxiety over how the estate will be divided. In the end, though, it was the parents’ money to give as they pleased.[/quote] NP, I see that differently. Grandparents giving tuition money to grandchildren shouldn't count against the money that kids get. As long as MIL would have paid for Jewish school for all grandchildren. My grandma had 4 kids. 3 had only one child and my parent had 2 children. Should my sibling and I get half of the inheritance that all my cousins are getting? My grandma would have liked as many grandchildren as possible and wanted to celebrate them all. [/quote] In most cases, the children receive the inheritance and sometimes the grandchildren get a small amount. I would expect each child of your grandmother would receive 25%. Then when your parents pass, I would expect you and your sibling to each receive 50% of your parent’s estate - unless one of your parents marries after the death of the other. Then, the new spouse could inherit everything. Never count on inheritances. If your grandmother decides to leave a token something to each of her grandchildren, then I would expect each grandchild to retire same amount. [/quote]
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