what is the message here? (inheritance related)

wonderingone

Earning My Ears
Joined
Jan 12, 2009
Messages
2
I am really curious if some of you can give me your take on this. There are 2 brothers each with 3 kids. All the kids were on great terms with their grandparent. Grandkids all basically in the same age group. Grandparent dies leaves 50% of the estate to son one, nothing to his kids, leaves 10% of his estate to other son plus 8% for each of that sons children. So what is your take on what the reasoning behind this might be. I have drawn a conclusion but was just looking for some other feedback. Thanks!
 
Wow. Unusual question for a first post on a Disney board.

I'd imagine (can't know of course as I don't know the deceased or his way of thinking) that he felt the people to whom he left his estate needed it most.
 
I would say Grandparent does not trust 10% son with the money to have any left to pass on to grandkids....

So, he made sure those grandkids got what he wanted....

or he liked those grandkids better...LOL...not sure which....

It sounds like there is much more to the story and more details needed. But, ultimately grandpa can do what he wants with his money...
 
If I had to make a wild guess, I would say that the man trusted the first son to take care of his kids (immediately or eventually) but wasn't so confident that the money would trickle down to the kids with son #2.

But I might be projecting because in our family we had a similar situation and that was the reasoning.

As to why it's 34% vs 50%... either #1 son did more for or took less from the father while he was alive (perfectly fair to even up at inheritance time when parents have supported one child beyond others), or just petty favoritism.
 

If I had to make a wild guess, I would say that the man trusted the first son to take care of his kids (immediately or eventually) but wasn't so confident that the money would trickle down to the kids with son #2.


As to why it's 34% vs 50%... either #1 son did more for or took less from the father while he was alive (perfectly fair to even up at inheritance time when parents have supported one child beyond others), or just petty favoritism.


I agree with the above poster's guesses. My question, as an estate planning paralegal, is...who gets the other 16% of the estate? Where does that go?
 
My guess would have a lot to do with the sons' wives. Are there second marriages involved? Is son #1 married?

Yes, where did the other 16% go?

Denae
 
My dad would do this. If he had any money. He has four kids. My youngest brother and I are great with money. My other two brothers are not. This way he could make sure all of his grandkids got something.

I love my older brother to death. If something happens to me, he gets my kids. My step-mom gets to control the money. I know my brother will raise my kids well. I just think it would be better if my step-mom wrote the checks.
 
What an odd way to divide things. Without more info about the relationships between everyone, it's hard to say but grandpa either liked some more than others or trusted some more than others, or felt someone needed the money more than the other.

I've always felt while people should will their estate to whom they wish, that if they really loved their family, they'd do things equally. Either divide the estate equally to their children and not worry about the grand kids, or give everyone the same percentage. Even then it can get sticky.

My friend's grandmother died, with a very detailed will. Each of her three children was to receive $X and each of her grandchildren to receive $Y. But, of the three kids, one had no children, one had only one child and my friends family had the most, three children. My friend's father's siblings thought that this was unfair, that my friends father's family "got" more of the estate just because he had more kids. Never mind that all the grandkids (my friend and her two sisters) we're all adults and got the money in their own right, they still felt that my friends father got more money than they did (he didn't, he got what they did. Not his fault they didn't have kids, or as many kids).

Rather than fight it in the courts and have the lawyers take it all, my friend's father settled, they had to pay the estate back a large sum so it could be re-distriubted to his siblings. Needless to say, they all don't talk much any more.

I'm lucky, my two brother's and I all know what's in my father's will, and it's very simple. We each get 1/3 of the estate. That's it. No worries about someone having more grandkids, or someone being liked more than another, or someone "needing" the money more than another. We each get an equal slice. If one of us blows through it or otherwise makes poor choices, oh well.
 
I am really curious if some of you can give me your take on this. There are 2 brothers each with 3 kids. All the kids were on great terms with their grandparent. Grandkids all basically in the same age group. Grandparent dies leaves 50% of the estate to son one, nothing to his kids, leaves 10% of his estate to other son plus 8% for each of that sons children. So what is your take on what the reasoning behind this might be. I have drawn a conclusion but was just looking for some other feedback. Thanks!

What happened to the other 16%?

I'd say grandad trusted son#1 to manage his inheirtance and leave it to his children. Son #2 might not leave his kids anything either because of their relationship or because he's a ding bat with money, so he gave a token to son#2 and gave the money staight to his grandkids.
 
I would say Grandparent does not trust 10% son with the money to have any left to pass on to grandkids....

So, he made sure those grandkids got what he wanted....

or he liked those grandkids better...LOL...not sure which....

It sounds like there is much more to the story and more details needed. But, ultimately grandpa can do what he wants with his money...

I thought of it in the reverse, he didn't trust grandkids who didn't get a % to handle it properly, so it was given to their father to handle.
 
I thought of it in the reverse, he didn't trust grandkids who didn't get a % to handle it properly, so it was given to their father to handle.

Also a valid option! ...there are obviously some family dynamics missing to give a true opinion. It seems the sort of situation that you can read into it what you want to without more details...
 


Disney Vacation Planning. Free. Done for You.
Our Authorized Disney Vacation Planners are here to provide personalized, expert advice, answer every question, and uncover the best discounts. Let Dreams Unlimited Travel take care of all the details, so you can sit back, relax, and enjoy a stress-free vacation.
Start Your Disney Vacation
Disney EarMarked Producer






DIS Facebook DIS youtube DIS Instagram DIS Pinterest DIS Tiktok DIS Twitter

Add as a preferred source on Google

Back
Top Bottom