Distributing Assets Equally Between Children

yellowmango · Apr 27, 2017

Shanvy said: ↑

though the 40 and 50'lakhs i hear makes me
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That is such a waste.
We thankfully have simple weddings in our community and no question of a dowry.

justanothergirl · Apr 27, 2017

Shanvy said: ↑

@justanothergirl though the 40 and 50'lakhs i hear makes me
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ridiculous.

Shanvy · Apr 27, 2017

yellowmango said: ↑

That is such a waste.
We thankfully have simple weddings in our community and no question of a dowry.
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Exactly what the kids are against and so am i. Dd says the ones who attend the weddings do not have time for the groom or bride instead it is the time to meet their own siblings and relatives and becomes a scene of comparisons, angers and more. So a simple wedding and a decent reception is what she keeps telling us. And i am all for it.

Shanvy · Apr 27, 2017

justanothergirl said: ↑

ridiculous.
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That is what i hear from middle class family. @justanothergirl and that is what surprises me. Weddings from 20lacs and nothing less says a family friend. So much wastage

yellowmango · Apr 27, 2017

Shanvy said: ↑

Exactly what the kids are against and so am i. Dd says the ones who attend the weddings do not have time for the groom or bride instead it is the time to meet their own siblings and relatives and becomes a scene of comparisons, angers and more. So a simple wedding and a decent reception is what she keeps telling us. And i am all for it.
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One of mine wants a court wedding if at all she wants to marry ever
The other would probably want it all.In that case it will get deducted from her inheritance.

Right now both are in the ...'ewww shaadi' stage.

yellowmango · Apr 27, 2017

double post

Shanvy · Apr 27, 2017

@yellowmango maybe it is in the syllabbus.. mine says court shaadi if ever she finds someone she feels comfirtable with from the lot we pick.when she is ready.. who has time for pyar vyar and you cant peecha chudao me that easily.... is what frequently comes to us if somebody from outside broaches it and me on the receiving line..,

Rihana · Apr 27, 2017

ashneys said: ↑

Big help like buying a house / properties / business money shud b considered.

Education n marriage depends if a lot of money was put into it. N also based on the family's wealth. Ppl splitting crores worth of property r not gona b keen to count a few lakhs of education / marriage expense. Or properties worth lakhs, abt a few thousands (50-100k for example) of expense.
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That's a good point. If the education or wedding expense is small compared to family's wealth, it might not matter so much.

Earning potential doesn't seem fair. It's like punishing for working hard n doin well. But in some rare cases, if one of the sibling is doin very badly (medical, loss financially or personally) n needs extra help, then dat can b decided as a whole family.
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If one child is a high school teacher and another is in a more lucrative profession, both are married, with kid(s), one family is living comfortably, going on vacations, spending on luxuries, private school for kids, and another family is only managing to get by, as a parent it gets tempting to give more to the one who is not doing so well.

It is like the glass half full or half empty. It is hard to say whether the needy kid is getting more or the doing-well kid is getting less. : )

Rihana · Apr 27, 2017

chocolate said: ↑

I don't think much will change in coming yrs except a few specs of parents here and there who might do a logical and equal division.Lets hope we are one of them. Good Luck and sane mind to all of us and future generations.
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Question was about asset distributions that is likely to happen in the next 1-3 decades, and how parents are planning to do it.

Rihana · Apr 27, 2017

Shanvy said: ↑

come on that is micro analysis. But i believe as of today my dd is in a better position of job security the my ds because of his chosen field.
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That was what I thought too.. that earning potential should not be a factor. To my surprise, DH, who rarely has an opinion on such things, brought that up. I think, we both ourselves, have rationalized some distributions where we received or will receive less (more like nothing) with the idea that we have more earning potential right from the start. So, he suggested applying the same. But to be honest, I can't bring myself to even think of it. Just doesn't seem right.