Supporting one grandchild financially?

theworriedwell

Norah

We were scrupulously equal. Until we weren't. Our daughter's husband died, she and her children lived with us several years.

No problem whatsoever. It was pointed out that could affect our other daughters financially. We worked out a number, divided by 3, transfered the sum to our other three daughters.

Had the number been enormous, we'd have new wills. The number, adjusted for inflation, would be paid before equal estate division to all.

What.woild have happened if you couldn't give the other three the money? Would you have had to make your DD and her children homeless?

I don't understand your question.

I was, in fact, answering 'if you gave one child money 15 years before your death, do you say that you want the equivalent sum to go to the others, with adjustments made for inflation, or work out what the sum means as a rough percentage of your estate and split the remainder accordingly?'

She and her children lived with us. We transfered funds to our other daughters, however, as I said 'Had the number been enormous, we'd have new wills. The number, adjusted for inflation, would be paid before equal estate division to all.' What are you asking?

We were, imo, fair to all of our daughters.

My point was what if you couldn't give an equivalent amount to the DDs who didn't need to live with you.

theworriedwell

My point was what if you couldn't give an equivalent amount to the DDs who didn't need to live with you.

My answer is the same. No change.

She and her children lived with us.

We transfered funds to our other daughters, however, as I said 'Had the number been enormous, we'd have new wills. The number, adjusted for inflation, would be paid before equal estate division to all.'

Can I suggest that, rather than give him cash, you buy him a grocery gift card from Sainsbury’s or similar which he can use to buy his weekly food for perhaps his first term. Then if he runs out of cash he will always be able to feed himself. No need to tell the other GCs but do something similar for them if they ever have a special event in the future,.

Norah maybe my point isn't clear. Let's say you don't have a house, dont have large savings so you can't leave them more to make up for helping her do you still help one child when you can't do it for the others. Some seem to think that is unfair but I would do it