Money Moral Dilemma: Is it OK to pay off our mortgage with our son's winnings?

Silverbird

Absolutely 100% NO! Unbelievable that this has been asked and I'm hoping it's a made-up dilemma.

You cannot predict the future and cannot say your son will inherit your house. Should you ever need to stay in a care home your house and any other assets would be used to pay for it.

Pollycat

Silverbird wrote: »

Absolutely 100% NO! Unbelievable that this has been asked and I'm hoping it's a made-up dilemma.

You cannot predict the future and cannot say your son will inherit your house. Should you ever need to stay in a care home your house and any other assets would be used to pay for it.

You hope in vain.
It's actually a real dilemma (although hypothetical as there are no winnings).
Take a look at post #46.

figrat

That money has been given to your child, in good faith. It has not been given to you.
It is not your money.

figrat

Discuss these issues with the donors.
Not strangers.

Spendless

Pollycat wrote: »

You hope in vain.
It's actually a real dilemma (although hypothetical as there are no winnings).
Take a look at post #46.

Thanks for this as I'd skipped that page.

This is the real problem as mentioned elsewhere. It's been heavily edited by the MSE team so really was a pie in the sky question ut along the lines of

'In the event our child won premium bonds what would be the best thing to do for him if we spent it, would it be to privately educate him, take him on fancy hols, pay off the mortgage in order to spend more time with him etc'

Until the MSE team stop editing these dilemmas so they aren't asking the original question, they just become pretty pointless.

mjm3346

If you are a thief spend it otherwise leave it alone and the child can do what they want with it and all the interest when they are 16.