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Jess Rickey

👤 Speaker
1305 total appearances
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Appearances Over Time

Podcast Appearances

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

If I'm honest.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

It's more like... This is a moral dilemma.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Moral dilemma, yeah.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Yeah.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Then, of course, as always, we said, what is your two cents?

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

And we got heaps of responses.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

First person said, it's your parents' money, not yours, which I agree with.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

But then on the flip side, somebody else said, help should be equitable, which I think is a really interesting concept because...

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

equity, not equality.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Equity is the concept of everybody receiving what they need to put them on an equal footing.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

And so if we both needed to buy something, it was a hundred dollars and I had $90 and Beck had 50.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Equity would be me receiving $10 and Beck receiving 50.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

So we both meet the needs that we have.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

We've got equal opportunity.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Yeah.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

I think I'm explaining, I hope I'm explaining that correctly.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Yeah.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

So the idea of making help equitable is kind of what has happened.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

It's the parent providing the support that has been needed to that sibling that needed the help and then all of the siblings receiving the same amount from the will itself.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Yes, yes, I agree with this.