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Reply to "Equality vs Equity"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Equal inheritance. And you will most improve your kids' lives by giving them money while they are young/you are alive. If you want to give more financial support to your younger kid, do it now. It will make the most difference. Equal inheritance.[/quote] Agree with this, plus what would it do to their relationship if they got unequal inheritances?[/quote] About the same damage as it would if they got unequal contributions along the way..Im surprised that people seem to be OK with parents giving more money to one kid (Private college vs. Public, fuding more grandkids' education for one kid, etc.) but take issue with "unequal inheritance".[/quote] These examples of unequal contributions along the way don’t seem the same to me as giving one child a larger down payment. If one child wants to go to a college that is less expensive than a siblings’ college it is what it is. It’s fine to set a limit on what you will pay for each child for college, but if one child wants to go to a less expensive college then I don’t see the issue. Same with paying for college for grandchildren. If it’s offered to all grandchildren there shouldn’t be an issue. Kids are very expensive and time consuming. There are all sorts of opportunity costs associated with having children. To maintain the same lifestyle, someone with three kids has to work much harder than someone with no children or one child as they will spend much more on childcare, activities, food, clothes, medical care, private education, etc. to say nothing of the mental, emotional, and physical strains that come with parenting and with each successive child. [/quote]
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