Anonymous
05/05/2024 10:05
Subject: Inheritance when one child has kids, the other does not
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Assuming we are talking about a sizeable sum here - open and fully fund grandkids' college funds.
Then divide what remains evenly between children.
Nope…give each kid the same regardless
Of children.
Since most adults will pay for their kids’ college, this is just indirectly giving one adult child hundreds of thousands of dollars more.
Fund the grandkids to pass $$&s when alive but reduce what the adult child by same amount.
I would be so upset if my inheritance was lowered because I had more kids than my sibling. My sibling sees my parents every other year. Im here with them daily. My kids help them out a lot too- weeding, cleaning plus my kids spend a lot of time with them. I don’t think my kids deserve an inheritance but don’t think that grandparents get nothing out of grandkids. I think my kids are my parents purpose for living and their lives wouldn’t have been complete. Why should my inheritance be reduced?
You inheritance isn't lowered. You and your sibling get the same. How you spend the inheritance is your choice, on your kids' college tuition or not.
I’m someone whose parents didn’t support me. Why do you think all parents would pay for college? That’s dumb grandparent thinking. Money to my parents did not flow to me as their child. (I’m not bitter and don’t need it). Most boomers I know don’t give any money to their children.
Anonymous
05/05/2024 10:00
Subject: Inheritance when one child has kids, the other does not
Anonymous wrote:I plan to do a third to each of my 2 children and a third to split amongst the grandkids (in trust until they are 25).
Why in trust until 25?! I didn’t have enough money for law school at 22 so I wasn’t able to go. Still a big regret. I did receive large inheritances but they couldn’t help me at 22.
Anonymous
05/05/2024 09:56
Subject: Inheritance when one child has kids, the other does not
Anonymous wrote:Anonymous wrote:I would do 50/50. My parents are skipping their children and going straight to their grandchildren (which is fine, we're all pretty established and the oldest grandchild is almost 30).
I would not be happy if my parents did that. That would make my kids far wealthier than DH and I, without having done any of the work for it!
That's what an inheritance is. Nobody getting it "did the work". But PP must not be talking about a large amount or life changing money.
Anonymous
05/05/2024 09:45
Subject: Inheritance when one child has kids, the other does not
Anonymous wrote:Anonymous wrote:I would do 50/50. My parents are skipping their children and going straight to their grandchildren (which is fine, we're all pretty established and the oldest grandchild is almost 30).
I would not be happy if my parents did that. That would make my kids far wealthier than DH and I, without having done any of the work for it!
If we're talking about a major wealth discrepancy, that would make for a very weird dynamic.
Anonymous
05/05/2024 09:39
Subject: Inheritance when one child has kids, the other does not
Anonymous wrote:I would do 50/50. My parents are skipping their children and going straight to their grandchildren (which is fine, we're all pretty established and the oldest grandchild is almost 30).
I would not be happy if my parents did that. That would make my kids far wealthier than DH and I, without having done any of the work for it!
Anonymous
05/05/2024 09:38
Subject: Inheritance when one child has kids, the other does not
I would do 50/50. My parents are skipping their children and going straight to their grandchildren (which is fine, we're all pretty established and the oldest grandchild is almost 30).
Anonymous
05/05/2024 09:25
Subject: Inheritance when one child has kids, the other does not
If you died without a will or trust, assuming you do not have a surviving spouse, in most states, your property would be divided equally between both children. If your child with kids predeceases you, your property would go 50% to the surviving child and 50% to the surviving grandchildren, divided equally amongst them.
Anonymous
05/05/2024 09:21
Subject: Inheritance when one child has kids, the other does not
Anonymous wrote:Sounds reasonable. Any sibling who creates a family rift over this was never going to be close anyway.Anonymous wrote:Similar situation in my family. Parents decided to leave 100K to each grandchild and divide the remainder between the kids.
Agreed. Makes a nice contribution to a college fund or house downpayment without going crazy. And a kid who invests that money will be very happy to have done so down the road.
Anonymous
05/05/2024 09:19
Subject: Inheritance when one child has kids, the other does not
I plan to do a third to each of my 2 children and a third to split amongst the grandkids (in trust until they are 25).
Anonymous
05/05/2024 09:14
Subject: Inheritance when one child has kids, the other does not
Sounds reasonable. Any sibling who creates a family rift over this was never going to be close anyway.Anonymous wrote:Similar situation in my family. Parents decided to leave 100K to each grandchild and divide the remainder between the kids.
Anonymous
05/05/2024 09:13
Subject: Inheritance when one child has kids, the other does not
Anonymous wrote:Anonymous wrote:Anonymous wrote:Assuming we are talking about a sizeable sum here - open and fully fund grandkids' college funds.
Then divide what remains evenly between children.
Nope…give each kid the same regardless
Of children.
Since most adults will pay for their kids’ college, this is just indirectly giving one adult child hundreds of thousands of dollars more.
Fund the grandkids to pass $$&s when alive but reduce what the adult child by same amount.
I would be so upset if my inheritance was lowered because I had more kids than my sibling. My sibling sees my parents every other year. Im here with them daily. My kids help them out a lot too- weeding, cleaning plus my kids spend a lot of time with them. I don’t think my kids deserve an inheritance but don’t think that grandparents get nothing out of grandkids. I think my kids are my parents purpose for living and their lives wouldn’t have been complete. Why should my inheritance be reduced?
You inheritance isn't lowered. You and your sibling get the same. How you spend the inheritance is your choice, on your kids' college tuition or not.
Anonymous
05/05/2024 09:10
Subject: Inheritance when one child has kids, the other does not
Similar situation in my family. Parents decided to leave 100K to each grandchild and divide the remainder between the kids.
Anonymous
05/05/2024 09:08
Subject: Inheritance when one child has kids, the other does not
Anonymous wrote:Anonymous wrote:Assuming we are talking about a sizeable sum here - open and fully fund grandkids' college funds.
Then divide what remains evenly between children.
Nope…give each kid the same regardless
Of children.
Since most adults will pay for their kids’ college, this is just indirectly giving one adult child hundreds of thousands of dollars more.
Fund the grandkids to pass $$&s when alive but reduce what the adult child by same amount.
I would be so upset if my inheritance was lowered because I had more kids than my sibling. My sibling sees my parents every other year. Im here with them daily. My kids help them out a lot too- weeding, cleaning plus my kids spend a lot of time with them. I don’t think my kids deserve an inheritance but don’t think that grandparents get nothing out of grandkids. I think my kids are my parents purpose for living and their lives wouldn’t have been complete. Why should my inheritance be reduced?
Anonymous
05/05/2024 08:59
Subject: Inheritance when one child has kids, the other does not
Anonymous wrote:Assuming we are talking about a sizeable sum here - open and fully fund grandkids' college funds.
Then divide what remains evenly between children.
Nope…give each kid the same regardless
Of children.
Since most adults will pay for their kids’ college, this is just indirectly giving one adult child hundreds of thousands of dollars more.
Fund the grandkids to pass $$&s when alive but reduce what the adult child by same amount.
Anonymous
05/05/2024 08:06
Subject: Inheritance when one child has kids, the other does not
Assuming we are talking about a sizeable sum here - open and fully fund grandkids' college funds.
Then divide what remains evenly between children.
Then divide what remains evenly between children.