||[Jul. 15th, 2016|09:15 am]
The Question Club
Imagine you're old and have a good bit of money so you decide to make a will. It's no fortune but it's substancial enough for each family member to pay off a mortgage or student loan etc. In your family you have:|
Your children (between 50-60 y/o)
Grandchildren (between 20-30 y/o)
Great-grandchildren (between 1-10 y/o)
Lets assume you're on good terms and they're all doing fairly well (middle class). You trust them to not waste the money.
How do you divide the inheritance? Do you:
Divide it only between your kids?
Divide it between the kids and grandkids?
Divide it evenly between everyone and put the great-grandkids money into a college/savings account?
Not bother with the kids because they're already almost retired and have paid off their mortgages and give it to grandkids and/or great-grandkids?
Divide it by how much you feel each family member needs the money?
DKDC: Do you have a will?
DKDC2: If you got a substancial amount of money from an inheritance, what would you do with it?