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.
poster:fallsfall
thread:249538
URL: http://www.dr-bob.org/babble/social/20030808/msgs/249652.html