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Received a small inheritance and want to give a percentage to my step children, what is a fair perce

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Submitted : 2018-06-15 06:35:19    Popularity:     

Tags: inheritance  give  Received  small  children  

Fair is not a part of this discussion. They could argue that you don't deserve anything.... Help them where/when they need it, no lump sum. It is

Answers:

Fair is not a part of this discussion. They could argue that you don't deserve anything....

Help them where/when they need it, no lump sum.

It is not about fairness if it is your money. However, if their father died without a Will and you got it all by state law and that is the reason why you want to give some to them, then it is still not about fairness. What you give them would depend on how much you received. If you got half a million bucks and they are all great kids, give them $50k each, maybe $25 each. It would depend on how many children he had. It also depends on their age. You cannot give to a minor but, you can invest the money (safely) for a minor and hand it over, with interest when the minor turns of legal age.

It depends upon how big the inheritance is and how many step children you have. Give them $1000 each if it is small.

what ever you consider as fair

If the inheritance was given to you, then its your money and it would be fair to give them 0%, so any amount is literally more than fair.

It depends on lots of factors: How old are they, how bad do they need the money, how big was the inheritance, are you going to outright give it to them or put it in a trust designated for something like college or a house purchase?

Bottom line is you'll have to decide for yourself.

There is NO right or wrong answer here you realize.

It depends on several factors

- how much you need that money or don't need that money - if you are in debt, then it makes sense to use that money to help clear it. If you have 100k in the bank and only receive say 5k inheritance - then you don't really need the money per se and can afford to give some / all of it away
- how many kids there are to give money to / how much you received - if there are 5 kids sharing $100 then is probably more 'insulting' to give them something than NOT give them something

5% each

It would help if you told us "how much" and "how many stepchildren". You know, when my great-aunt, then my great-uncle, then my second cousin (their daughter) died within a few years of each other, they didn't give me anything. Not even some token amount like a hundred dollars, and there was a huge ******* pile too. We weren't super close, but we were family. It made me feel sad.

How many chldren and how large inheritance. If your inheritancw is 1000 and u have 5 kids - u have nothing to give to begin with

Why percentage? Why not lump sum each? How many step children? What are your tax laws? Do any of them have special needs (including college, an upcoming wedding, need a car for a job,,,,)?



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