Inheritance

Happier_Me

FBaby wrote: »

I too won't 'need' the money I will likely inherit from my parents but I don't plan on passing it on, certainly not all, to my kids because I want them to experience that same feeling of pride at what they have accomplished with their lives on their own as I have.

I completely understand this and any large gifts we are ever in the position to hand to our kids will be timed carefully. They need to be well on their way to carving out their own lives/careers and be able to make good use of any financial gift. I do not intend to be bank of mum and dad bailing out or encouraging our kids to spend or behave recklessly. So if my son hits his 30's and can't hold down a job but still insists on getting the latest iphone then he won't be seeing a penny until he grows up and sorts himself out.:D

Controlling maybe, but we have worked hard for what we have and so have my parents and I would hate to see this frittered away.

NotBothered

My parents worked hard their entire life. Scrimping and saving to make sure that their children had the best that they could possibly afford, going without themselves in so many cases.

Every penny they have put by for their retirement, old age, rainy day has been earned through their own hard work and sacrifice so that they dont have to work hard and sacrifice when they are older - why on earth would their children be "entitled" to any of that!

I intend to work hard and sacrifice for my own future. I dont rely on my parents to continue carrying me through adulthood - they did enough of that through my childhood! I want something - I get out there and earn it!

My Dad passed away suddenly a few years ago and never got to enjoy the sacrifices he had made so I actively encourage my Mum to live life to the fullest and enjoy every penny they worked hard for.

Why do people now expect an inheritance??? Its very bizarre to me!

-taff

SuzieSue wrote: »

Since when has it become acceptable to be so selfish and actually boast about it? I am always giving money to my step children if they need it and they aren't even my own flesh and blood.

It's nice when you can blow your own trumpet. You must be a very a very giving person. Especially as they are step children. It was good of you to point out the distinction.

FBaby

It all comes down to expectation. I much rather give to those who don't expect anything from me than those who think they are entitled to my giving them something.

Person_one

SuzieSue wrote: »

Not always. If the person dying is anything like the people on here who are selfishly boasting about spending their kids' inheritances just because they can then it won't be much of a loss to their children.

Yeah, my parents went on three holidays last year, and they decorated two rooms in their house.

They really are beyond the pale, don't they know that's my money they're frittering away on their own selfish wants?

elsien

SuzieSue wrote: »

Since when has it become acceptable to be so selfish and actually boast about it? I am always giving money to my step children if they need it and they aren't even my own flesh and blood.

Tongue in cheek clearly flies right over your head.
Parent regularly informs me she is spending my inheritance before I get my hands on it.
I regularly complain that four holidays a year is taking the P-ss when it could be coming to me instead.

Bottom line is we both know we would help each other out if it came to it and she would never see me struggle. But we also both accept it's her money to do with as she pleases with no expectations on my side. I think that's a pretty good parental relationship to have.

Jackieboy

SuzieSue wrote: »

All of it, but if a mother can't bear to share her good fortune with her children then she isn't much of a mother.

If you won the lottery your mother would be entitled to all of it - really?

SuzieSue

Jackieboy wrote: »

If you won the lottery your mother would be entitled to all of it - really?

No, the question was if my mother won the lottery not if I did.

Person_one

SuzieSue wrote: »

No, the question was if my mother won the lottery not if I did.

No it wasn't, read it again.

Pollycat

SuzieSue wrote: »

So you'd do that even if he was struggling financially through no fault of his own? Nice mother.

The person you quoted did not say his son was in financial hardship.

Don't make things up just to try to prove your point.

SuzieSue wrote: »

Not always. If the person dying is anything like the people on here who are selfishly boasting about spending their kids' inheritances just because they can then it won't be much of a loss to their children.

There is no inheritance until the person who has the money or assets dies and leaves it to you.