inheritance - what's fair, what's right?

[ForGladOtter]

Hypothetical (not really) situation and I just would like others' take on it:

Two siblings inherit their parents' property which is now for sale. Sibling A is married with two children and is comfortably off. Sibling B is married with one child and is less financially well off. Sibling A would like the proceeds of the sale to be split three ways between the grandchildren. Sibling B would prefer a 50/50 split with the sibling. Sibling A thinks Sibling B is depriving the grandchildren of an equal share. Sibling B feels they are having to give up some their entitlement in favour of Sibling A's children. (Sibling B feels they also have more need of the financial windfall than Sibling A. It is acknowledged that their own circumstance is not the responsibility of the other. But it does feed into how they feel about the request for the 3-way split).

I would love to hear others' thoughts on this.

Equal split between the siblings.
What would happen if one sibling ended up having more children after the money was given to the grandchildren?

What would Sibling A want if Sibling B had six children? Theres your answer. Sibling A is being a knob and ridiculous.

Sibling A being massively unfair. The money should be split 50/50 between the two siblings and it's up to them if they decide to pass down to the grandchildren.

Sibling A has absolutely no right to dictate what happens to Sibling Bs share of the 'inheritance'.

Nope. 50/50 between the siblings.
Sibling A can pass his along to his 2 if they so choose.

This 100 percent

Sibling A is an idiot. It's not up to her to decide how the money gets split. If she wants to giver her children some then it comes out of her half

Sibling a needs to recognise their financial situation and therefore decision making is different to sibling b’s and back off. 50/50 is the only way. We had a similar situation and this solution was mooted and shut down . Each sibling inherits their half and distributes it accordingly.

Split between siblings - if the inheritance was given to the siblings.

A is being cheeky expecting their family to have more than Bs family just because they chose to have more children

Unless there is a big backstory that the grandparents had promised to give the inheritance straight to grandkids and just not updated their will

50/50

Three way for grandchildren is a nice try 😂

Also I thought legally the will had to be carried out as per the deceased instructions, and shouldn't be changed

My opinion is that unless the grandchildren were specifically named/alllowed for in the will then the two siblings should inherit and do whatever they want with their equal share.

Sibling B should tell Sibling A they're having twins.

50/50 between the siblings.

The only fair thing is an equal share between the two siblings.

Also, not sure on age of the parents, but what if one of them has more children?

Is there a will?
if so then only way inheritence can be diverted to kids direct is via deed of variation that all beneficiaries agree to. And, as far as I remember, deed of variation can only be done between named beneficiaries- so if gc aren’t in will at all then gc can’t be included.

if no will then laws of intestancy apply. Kids, not gc will split evenly

for Any money to go to gc at all it will therefore need to be gifted from the two siblings estates, not direct from the deceased parents estate that house sale is from. Literallysobling is asking you to gift money form your estate to their child. Aside form that is not their call to make, it has inheritence tax implication if either sibling dies within 7 years.

sounds like sibling A hasn’t the foggiest around how wills and IHT works. Sibling A can gift her own kids the entire amount sibling A inherited form their own estate. But it would be dumb frankly for sibling B to gift sibling A kids form sibling B estate

It should be split equally between siblings, regardless of how many children they each have, then it's up to them whether they pass any on to children.
My inheritance will be for my children, grandchildren will inherit from them, or not, which is up to them.

Split it equally between siblings. Them the money can be divided as they see fit.

That's helpful of the parent, way to go causing issues after your death by being indecisive and shying away from responsibility.

I was going to say 50/50 to the siblings if it was inheritance. As a parent is still alive then surely it’s up to them what they want to happen. You’re also going to need to ensure enough money is kept aside to potentially pay inheritance tax if they die within the next 7 years and to
potentially pay for care needs as giving away a house would be deprivation of capital.

Split between the two siblings.

I wonder would sibling A want it split 3 ways if they had 1 child and sibling B had 2.

Also what would it skip the siblings? If sibling A wants to give it straight to their children they can. But sibling B might have other plans - such as becoming more financially secure themselves

I didn't read everything but absolutely as the will stated - 50/50 for the siblings to do with as they wish.

My parents have their wills set up as 50/50 for my brother and I. I have two children, he has no children. That doesn't mean anything - we are both the children of our parents.

Of course A wants it this way - they benefit more!!

Example ££

A’s way - 300k three ways means the kids get 33k and A/B get 100k.
B’s way; 150k each and if A wanted to give her kids the same they’d be left with 84k so you’re funding their family share of 16k basically!

Yes it’s not As fault B is less well off, but it’s not Bs fault A has more dependants. If there’s no will it should be split how it normally would > direct to offspring

50/50 between siblings is fair. Sibling A is being cheeky.

equal split always