View Single Post
 
Old 02-12-2015, 04:15 PM
2BNTV's Avatar
2BNTV 2BNTV is offline
Sage
Join Date: Mar 2010
Posts: 10,712
Thanks: 1
Thanked 134 Times in 61 Posts
Default

I think parents should know their children and their finances well enough to make this individual determination, "themselves".

In a family of several children, the parent should have one child they know they can trust and follow the wishes of a will and be the executor. If the will is made out in an unbalance fashion, there will trouble amongst the siblings, all dependent on their version of, "what is fair, and equitable".

When it's comes to money, people will do irrational things especially if they spend almost all of their money and start to look for someone to bail them out, of their financial mess.

Remember:
1. When you are small, you play together.
2. When you are teenagers, you may double date.
3. After you get married, the cousins will play together.
4. As you mature and disagree with some of your siblings lifestyle and or money expenditures.
5. When the parents pass, the stuff hits the fan with "who gets what", and "what I deserve".

This is not true of every family but the majority. IMHO

Money does funny things to some people's minds. The love of money is the root of all evil. I've known some people who were very well off and still argued, and disagreed with their siblings.

Solution is to have one child or die broke. IMHO
__________________
"It doesn't cost "nuttin", to be nice". MOM

I just want to do the right thing! Uncle Joe, (my hero).