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Dr. Bob is Robert Hsiung, MD,
bob@dr-bob.orgShown: posts 1 to 2 of 2. This is the beginning of the thread.
Posted by temmie on August 9, 2003, at 11:36:42
Last night at a family gathering, my dad gave two of my siblings and me $5000 to set up in a special fund for our college-bound kids.
Katie, who has two older children who happened not to go to college ... got nothing. Bill and Jane (comfortably married, no children) also got nothing.
Bill is okay. Jane is upset. Katie is worse. This is the source of great problems in the family. What can I do? I mentioned to my dad last night that Katie felt "left out," and he said he'd given her daughter money when she'd left home. Ack. Her son has ... done little ... to "better himself," from my dad's POV. He works in a fast-food restaurant, and has had little ambition beyond this ....
After moving out-of-state to be with a BF, which ended up not working out, My niece promptly returned and bought a new Saturn. I guess my dad felt the money he gave her was neither needed, nor appreciated -- but that's beside the point.
I wonder -- for those who've followed some of the discussion re. my dad's manic episodes and general episodes of perhaps not thinking clearly -- I wonder what I can do ... being on the receiving end ....
Ack! Maybe there's nothing to do, but let go ... detach ... thank God ... and keep moving forward. Thanks, Temmie
Posted by fallsfall on August 9, 2003, at 19:47:17
In reply to money for SOME, posted by temmie on August 9, 2003, at 11:36:42
That sure can leave some hurt feelings.
Could you divide the money by the number of children who are going to college? Then the money is per grandchild, rather than per child of your dad's. And the grandchild makes the decision of whether they want some of the money or not.
Are the grandchildren who will go to college close in age? If not, then it will be harder to know how many pieces to divide the money into (you never know what a kid will decide, my computer-loving son announced one day that he was going into the Army (Aug 26) - I expected him in college in the fall.)
I have 3 kids and a sum of money set aside for college. The first year my daughter went I used 1/12 of the fund towards her college costs, the next year 1/11 of the fund. I will save my son's for him because hopefully he'll do college after the Army (or maybe it will be a downpayment on a house).
I guess that I think if you can come up with a concrete way to distribute it, then everyone will know what to expect. This one is for college bound grandchildren only.
This is the end of the thread.
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