Page 1 of 4 123 ... LastLast
Results 1 to 10 of 38

Thread: O/T. Will

  1. #1
    Join Date
    Jan 2013
    Posts
    8,214

    O/T. Will

    I already have one but it's ready for a update.

    Question is. I have 2 children And 2 grandchildren
    One of my kids has no children one has 2 children

    Regarding money. Would it be fair to give 50% of the cash to my child without kids. And split the other 50% between my other child and grandkids.

    Or should I just split it 4 ways?

    Half of me thinks a fair way would be 4 ways but then I think why should my other child be penalised because she couldn't have kids.

  2. #2
    Join Date
    Jun 2016
    Posts
    2,661
    Quote Originally Posted by caytonmiller View Post
    I already have one but it's ready for a update.

    Question is. I have 2 children And 2 grandchildren
    One of my kids has no children one has 2 children

    Regarding money. Would it be fair to give 50% of the cash to my child without kids. And split the other 50% between my other child and grandkids.

    Or should I just split it 4 ways?

    Half of me thinks a fair way would be 4 ways but then I think why should my other child be penalised because she couldn't have kids.
    It's not easy telling someone else what to do with their money but I would split most of the money between your daughters,don't forget this is their inheritance not the grandkids they will get their inheritance from their parents.Good luck mate.

  3. #3
    Join Date
    May 2015
    Posts
    982
    Quote Originally Posted by caytonmiller View Post
    I already have one but it's ready for a update.

    Question is. I have 2 children And 2 grandchildren
    One of my kids has no children one has 2 children

    Regarding money. Would it be fair to give 50% of the cash to my child without kids. And split the other 50% between my other child and grandkids.

    Or should I just split it 4 ways?

    Half of me thinks a fair way would be 4 ways but then I think why should my other child be penalised because she couldn't have kids.
    I would split it 50/50 between your 2 children if I was you. Fairest way and you have treated both your children equally.

    If you did it the other way there could be the potential for some falling out which you wouldn't want.

  4. #4
    Join Date
    Jun 2017
    Posts
    4,539
    I donít know Cayton only you can judge whatís fair if the one with no kids is poor and the one with kids is loaded would giving grandchildren some be better than giving to the rich daughter

    My grandma gave all Her grandkids £10k each and all her kids 20k, yet there was a big argument from my uncle who only has one kid that his kid should have had more due to her being a only child. Btw we all made jokes saying he was hiding one 😂

    Only you can judge whatís fair because only you know what your family is like

  5. #5
    Join Date
    Jan 2013
    Posts
    22,542
    Quote Originally Posted by Lolmorgan View Post
    It's not easy telling someone else what to do with their money but I would split most of the money between your daughters,don't forget this is their inheritance not the grandkids they will get their inheritance from their parents.Good luck mate.
    Agree with Lol

  6. #6
    Join Date
    Nov 2018
    Posts
    650
    Split it between your children. That's what me and my misses have done.

  7. #7
    Join Date
    Mar 2010
    Posts
    3,181
    Quote Originally Posted by caytonmiller View Post
    I already have one but it's ready for a update.

    Question is. I have 2 children And 2 grandchildren
    One of my kids has no children one has 2 children

    Regarding money. Would it be fair to give 50% of the cash to my child without kids. And split the other 50% between my other child and grandkids.

    Or should I just split it 4 ways?

    Half of me thinks a fair way would be 4 ways but then I think why should my other child be penalised because she couldn't have kids.


    Split it 50% 50% to your kids.



    Then, if you have a bit of cash available now, be it £100, £1k, £2k, £5k or whatever, open a Junior ISA account on behalf of your grandkids. Or basically something that matures when they're 18.

    Just 1 example of what you could do:

    Who can get a Junior ISA
    Your child must be both:

    under 18
    living in the UK
    If your child lives outside the UK
    Your child can only get a Junior ISA if both the following apply:

    you’re a Crown servant (in the UK’s armed forces, diplomatic service or overseas civil service, for example)
    they depend on you for care
    You cannot have a Junior ISA as well as a Child Trust Fund. If you want to open a Junior ISA ask the provider to transfer the trust fund into it.

    How Junior ISAs work
    There are 2 types of Junior ISA:

    a cash Junior ISA, for example you will not pay tax on interest on the cash you save
    a stocks and shares Junior ISA, for example your cash is invested and you will not pay tax on any capital growth or dividends you receive
    Your child can have one or both types of Junior ISA.

    Parents or guardians with parental responsibility can open a Junior ISA and manage the account, but the money belongs to the child.

    The child can take control of the account when they’re 16, but cannot withdraw the money until they turn 18.

  8. #8
    Join Date
    Mar 2004
    Posts
    15,693
    To solve all problems, simply leave everything to the MM Moderators Benevolence Fund

  9. #9
    Join Date
    Jul 2017
    Posts
    1,628
    50/50 for me otherwise the daughter without kids is losing out by no choice of her own.

  10. #10
    Join Date
    May 2008
    Posts
    19,199
    Put it in your will to watch tv on saturday for
    3..12..22..37..41..53.

Page 1 of 4 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •