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Elderly parents considering a large distribution from their estate to each of their 3 children. What’s the downside?
Elderly parents considering a large distribution from their estate to each of their 3 children. What's the downside? Hi - Throwaway because of personal info. My parents are in their mid 80s and are worth around $20m. They are considering distributing $1m to each of 3 siblings who are in our 50s. 2 of us could really use financial help for various reasons. Sibling 1 started a business and has lots of start up costs. Sibling 2 bought a home near their parents to...
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