"My brother and I had babies seven months apart. My mother put $30,000 in a college account for my brother's son, her first grandchild, shortly after he was born. She promised the same for our child. We opened a 529 college savings account and my husband suggested to my mother that she deposit $15,000 this year and then $15,000 next year, to help her avoid taxes. Which she agreed to do."
"I ended up getting pregnant again very quickly and having a second baby this year. My brother's wife is pregnant again, and now my other brother's wife is also pregnant. In light of these new developments, my mother has reneged on her initial offer of an additional $15,000 for my daughter, but is offering $15,000 for our new baby's college funds."
"While I have never taken money from her-I left home at 16, worked throughout college, and have been entirely on my own financially-she has supported my brother quite a bit through the years. He lived with her until 26, working on and off, while he took the long route through college, before finally leaving the nest. Then she paid for expensive fertility treatments for his family as they tried to conceive-treatments"
A grandmother deposited $30,000 in a college account for her first grandson and promised the same for her granddaughter. Parents opened a 529 account and the mother planned to split a $30,000 gift into $15,000 this year and $15,000 next year to avoid taxes, and the grandmother agreed. Subsequent pregnancies increased the number of grandchildren, and the grandmother withdrew the pledged $15,000 for the older granddaughter, instead offering $15,000 to a newly born grandson. The grandmother is a frugal nurse who previously financially supported one son and paid for expensive fertility treatments for his family. The daughter feels resentful about fairness and cultural favoritism toward firstborn grandsons.
Read at Slate Magazine
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