Reply to Large early inheritance to only 1 of 3 siblings?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm interested in what others think of this scenario.  Parents are in their 80s and have 3 adult kids, all professionals, married, and doing well.  Two of the children, with their spouses, are doing very well financially.  The third has a job in the church and their spouse has a well-paying professional job - they are doing fine financially but clearly not as well as the other children.  When that child (who also has some health problems) moved to take a new job in the church, they wanted to live in a large house in the most desirable neighborhood of a large city, have their kids attend the best private schools, etc. but couldn't afford to do so (this would be a living standard above that of the other two siblings).  As a result, the parents decided to gift $1 million of their estate early to that child.  They told one of the other children about it at the time but did not tell the other (presumably to avoid the difficult conversation).  Several years later, this has all come to light and it is awkward.  The parents' position is that nothing will be done to even things out (now or later) as this gift was for "need".  Thoughts?  Advice?[/quote]

This is so similar to my family. My parents are toying with the idea of giving my sister their $2.5M house (and moving to an apartment) instead of selling the house. The $2.5M value of the house would come out of her trust, which would probably be reduced to about $500K. The rest of us would retain our $3M trusts. We would have bigger principles than her that would grow larger than her principle, so we will likely have considerably more than her in our trusts when my parents die...but she will have a mortgage free house at 35 and will be able to put the proceeds of selling her old home and money she is saving on not paying a mortgage into her kids' education, investments, etc. My parents haven't asked any of us if we agree with this scheme. Although I don't feel like they are explicitly favoring my sister, it is annoying to me that they didn't ask me and my other siblings about how we felt. [/quote]

Forgot to note, I find it annoying that they haven't asked us how we felt but also it's hard knowing that we'll be living within our means for the next 30 odd years and she'll have a lot more financial freedom. [/quote]

And you a greedy and pathetic.  [/quote]

I mean, complaint about WHEN she gets her millions wtaf?![/quote]

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