How would you feel if in your parents' wills, you were treated differently than another sibling?
We have inherited a large amount of money and stocks in the past two years. We are seeing a lawyer to draw up our wills.
My daughter could use a windfall of cash to buy a larger home in a better school district. She and her husband have shown that they are very responsible with money, and we would give the lump sum on our deaths.
My son is severely ADD. He is not married. He coped with his disability by auto-payments on everything. He makes a six figure income and owns his own home, but he does not currently have anyone significant in his life. His job depends on his maintaining a government security clearance.
We would like to set up a trust for him, giving him annual payments of about $10,000 until he is in his late 50's, at which point he can have anything that is left. The idea is to supplement his income, so that if his circumstances change, he wouldn't be dependent on his sister. He is impulsive with money.
How would you feel? Would you be hurt that you are being treated differently? The amount of inheritance would be the same, it would just be distributed differently. Please let me know your opinions.