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re: Would you alter your will if one child became wealthier?
Posted on 4/15/24 at 11:54 pm to fallguy_1978
Posted on 4/15/24 at 11:54 pm to fallguy_1978
quote:
Probably not. My dad is dealing with this now. My 2 siblings are fairly wealthy. They both have more money than he does. My wife and I are just normal upper-middle class. His will is evenly split, or as close as possible. I'd probably do the same.
I’m probably going to get fricked. I’m the only kid from my mom and dad and they both have 2 each.
I’ve never even asked anything about a will and have no idea how both parents would divide it.
This post was edited on 4/15/24 at 11:55 pm
1
Posted on 4/15/24 at 11:56 pm to fr33manator
You’ll be dead. It won’t matter.
Posted on 4/16/24 at 12:15 am to boosiebadazz
quote:
Tell her she can marry me and then she won’t need y’all’s little trust fund peanuts
It would never work. She doesn't enjoy pegging dudes.
Posted on 4/16/24 at 1:29 am to HarryBalzack
quote:
She's batshit crazy. Search out my posts on here about her, smart forrest gump, and the first husband who left her for a fatty who allowed him to jack it at the kitchen table.
I have a lot of questions for harry ballzack.
Posted on 4/16/24 at 1:32 am to Rize
I do pretty well. My mom only has her house as wealth and it isn’t much. My sister is in education so definitely not a baller. My mom has asked me if she can give everything to my sister. I’m fine with it. No hard feelings.
Posted on 4/16/24 at 4:46 am to TigerGM
quote:
I do pretty well. My mom only has her house as wealth and it isn’t much. My sister is in education so definitely not a baller. My mom has asked me if she can give everything to my sister. I’m fine with it. No hard feelings.
This is the right answer. Just talk to your family. Ultimately it’s the parents will, and their choice. But I know multiple people that are bitter at their parents for what was left behind.
Most people don’t want to think about what they saved and built to be squandered away. But they also want to help their family.
If the poor worthless kid is also the least involved, and the wealthy kid is very involved in the parents life which is often the case then I’m not sure what you can expect otherwise.
Posted on 4/16/24 at 5:24 am to East Coast Band
No
I don’t penalize success
Leave that up to government
I don’t penalize success
Leave that up to government
Posted on 4/16/24 at 5:32 am to East Coast Band
If one has millions, I'd give more to the middle class child. Giving a million to a person with 20 million isn't equal to giving a million to a person with 250k.
Need should come before feelings.
I would try to balance it out by giving more sentimental items of less dollar value to the wealthy child.
Need should come before feelings.
I would try to balance it out by giving more sentimental items of less dollar value to the wealthy child.
This post was edited on 4/16/24 at 5:49 am
Posted on 4/16/24 at 5:45 am to East Coast Band
Is that inherited wealth secure and forever my child’s wealth should that marriage should end on the spouse’s end? I want my children to be secure so unless it’s ironclad and my child ok with it, the inheritance would be split even. Now if one is a deadbeat, doing nothing in life, that changes things and that one gets nothing, or maybe a small pittance with the lion’s share to those who are responsible and working.
Posted on 4/16/24 at 5:49 am to East Coast Band
quote:
Would you now go alter your will to give less to the now wealthy one to provide a more equitable result for your children or just leave as is with equal distributions?
Why would parents slight one of their kids and punish them for being successful? If the sibling wants to be more generous to the less fortunate one that's up to them.
This post was edited on 4/16/24 at 5:49 am
Posted on 4/16/24 at 5:52 am to The Pirate King
quote:
Why would parents slight one of their kids and punish them for being successful? If the sibling wants to be more generous to the less fortunate one that's up to them.
Its not a slight, it's about value.
A million has less value to someone with 100 million than someone with 250k.
One son would hardly notice and the other would be saved a ton of financial related stress which could add years to their life.
Could leave the wealthy son some important sentimental items.
Maybe I'd just rather my life's work be put to use than an afterthought in some account somewhere
This post was edited on 4/16/24 at 6:02 am
Posted on 4/16/24 at 6:40 am to East Coast Band
Even Steven.
Posted on 4/16/24 at 7:03 am to XenScott
quote:
Even Steven.
Even if that means it will never be touched when it could be used somewhere else? Say to help your grandchild get into a better school
Posted on 4/16/24 at 7:20 am to deeprig9
quote:this
I wouldn't punish one of my children for marrying up. No.
Posted on 4/16/24 at 7:35 am to meansonny
quote:
The honest to God truth is that kids should expect nothing from their parents.
LOL, are you my dad. My father recently retired. He was very honest with both me and my brother. He said he worked hard his whole life and now he was going to retire just as hard. Take lots of trips, buy a better bass boat now that he has more time to fish, etc. Said if there was anything left once he’s gone then he is happy to leave it to us and hopes we do well with it. But if he spends his last dollar the day before he dies…oh well.
We both were more than fine with that. He’s been a great father and we both want him to enjoy retirement.
Posted on 4/16/24 at 7:38 am to East Coast Band
I still leave the kids the farm land and the hunting land but I would donate more cash to charity. I would also spend more on myself. Maybe upgrade my private plane to a private jet. Those propellers are starting to annoy me.
Posted on 4/16/24 at 7:40 am to East Coast Band
No.
healthier? Yes, Wealthier? No
healthier? Yes, Wealthier? No
Posted on 4/16/24 at 8:22 am to East Coast Band
I am in this exact situation. I will still split it equally. I might talk to the wealthy one and suggest she helps her brother out occasionally.
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