Leaving Money to Kids
 

Many have kidded about spending our kids inheritance but Marie Osmond has said that she will not leave any money to her kids. I know of several that have also taken that position.........what you think?

It's your money. Leave it to whoever you want. Or don't leave it to anyone and let probate sort it out.

I have been telling my parents (who are divorced) for years to spend their money. I am not expecting anything from either of them. Sadly, they are 83 years old now and in many ways unable to enjoy their savings. It is hard for them to travel and even going out to dinner can be a slow difficult time. They both wish they would have done more even 5 years ago. Enjoy yourself while you have the health to do it.

I am taking it with me.
Just in case!

:1rotfl::1rotfl::1rotfl::1rotfl::1rotfl:

This is a no brainer. Nobody owes an inheritance to anyone, including their children.

I'm taking it with me in the casket. Where I'm going I'll need it for ice water !!!!

:ohdear:

I'm leaving everything to my daughter. She's the best thing that ever happened to me!

I have two incredible boys and they get half each right down the middle and they know it. They have never, ever been a problem, they work their "buns" off to provide for their children and they may have to take care of one of us ............. no one deserves it more than they do.

Maybe we should try leaving them a habitable world.....

Leaving them nice amounts, but not enough to make them lazy or forget the value of money. There are a lot of need out there.

I don't have kids, so obviously this doesn't apply to me. But my thought is that unless the children are disabled in some way and they are otherwise able-bodied adults, I wouldn't worry about their inheritance. If they absolutely need help, of course you should help them. That said, I don't define "need" as making up for stupid decisions like living beyond one's means and getting into debt. Better get that second job!

You've presumably worked your life so you could enjoy retirement. Why should you deny yourself the pleasures of such? There's most likely going to be an estate of some sort when you pass away (home, other assets, etc.). I just find it annoying to hear about people that essentially live their lives for their kids' benefit, while not being able to enjoy the fruits of their own life long labors. It's their choice, of course.

One of the best ways to provide for the kids while still spending your own retirement funds for your life is through life insurance. It's tax-free to them when they are the beneficiaries, and it frees up your own income/assets to spend on yourself. It would probably have to be something other than TERM, since - as I understand it - many term policies don't continue to cover after 80 years of age.

Life Insurance????..................barf

You can say that again! :1rotfl:

We hooked up the kids while we are still here with a little taste so we can see what they do with it. The one who does best will be please he acted the most responsibly. The second one will be less pleased than the first one and the third one well he'll wanna dig me up or glue the ashes together and murderlize me. Heaven To Mergatroids! :1rotfl: :pray:

My last $5 is going to my eldest grandson with instructions to tip the nurse with it.

My children have been told from the time they were old enough to understand, and many times since, that my attitude is..."May the last check bounce." :D

I want them working for everything...and not to expect a cent.


They are going to be very shocked, that it was simply me...playing my last joke on them. :ho:





Equally, because I couldn't even imagine that kind of manipulation, or them thinking...one was loved more than the others. :ohdear:

Same here. I have a son that is with the KCPD Street Narcotics Unit SWAT Team and a daughter that is an Associate Professor at Arkansas Tech University working on her PHd; both have always been straight arrow solid gold, are great parents and rarely have ever asked for anything.

I grew up poor so I made it a point to work hard all my life (and still do), save and invest as much as much as I could (and still do) so my kids and grandkids would have things I never did.

I plan on leaving our Son (an only child) everything.
He is successful and very astute with money.
He’s always been a wonderful Son and will be responsible.
We set up college funds for our granddaughters.

Same here. Our two boys worked hard and do not squander their earnings. They are a delight to us.

I say whatever is left after you enjoy your life to the fullest absolutely. I hear too many people who don’t want to spend money and are only interested in paying off their house and saving for their their kids to have. I will do whatever I choose enjoy my life, do a reverse mortgage if I have to, and then and only then will they get the balance. Been working since I’m a teenager and nothing was ever handed to me so pretty much that’s how I see it.

Inheritance
 

I am enjoying every cent I have, traveling while I am healthy, etc. But whatever is left, I will happily leave to my kids but have made arrangements that they don't get it until they turn 50.

years past it was the responsibility of the children to take care of their elderly in society. Today kids are lazy wont work and expect things for nothing.. Screw them I am leaving my ungrateful misguided child nothing!

Leave wisdom.. enjoy your cash..but have a plan..

Give like no one else!
 

I enjoy myself every day, eating out, vacations, shopping, etc, etc. I’ve been blessed with best kids who mean the world to me. I’m leaving it all to them!

We are a split family with 3 children (38 to 51) that were raised with values. As regards to money they are fiscally responsible and thrifty. They do not take on debt without the intent to repay. All three are doing well, none have asked us for any money help. So,, yes we will leave them resources and fully expect that they will use the assets to their advantage.

Gladly
 

We have been blessed with a daughter and two sons who are loving, successful and responsible. Real go getters: a bigwig at a major corporation, an attorney and a CPA. First grandchild on the way this summer! All assets will be split three ways, maybe with some provisions for the grandchild (grandchildren).

Our estate plans do not include managing how much could be left.
Whatever is left gets split equally among remaining children.

I am spending my dog's inheritance.
 

:bigbow:

This world has been "habitable" for most of its 4.1 billion year history. I don't think our children have much to worry about.

My kids don't need the money. The remainder of whatever I have will go to the 5 grand kids (out of 15) who make it a habit to call me; check in; ask how I'm doing, etc. on a regular basis. They also call, text and otherwise acknowledge any gifts I've given them. The rest? Oh, well.

I feel I have given all I can to my kids with an excellent education, formation of values and a caring personalities. They each ‘do their own thing and enjoy a responsible life. That’s what we are happy to leave our kids - invaluable gifts - not money.

Our estate planner has advised us to leave this earth bouncing our last check. We took her advice.

I will never forget going to the bank to draw out the little bit of money that my grandmother left me when I turned 18. Spend what you like and leave the rest to the grandchildren or great-grandchildren, they’ll never forget.

Leaving them a better world. Now that would be the greatest inheritance we could leave them.

In my case, my concern is, will I run out of money before I run out of health. If the later happens my kid are welcome to it.

I am leaving enough to take care of my burial expenses and the rest I want a Celebration of Life with food, drink, laughter and story telling.

But why not call the other kids?
 

Don't be sore, you can pick up the phone!

Lucky us, no kids. I arrived into this world naked, hungry and crying. And I'm leaving nothing behind except hopefully laughter from everybody. Whenever I can make just one person laugh, especially my wife, then I'm a happy man. ~myk

"Don't take life so serious; none of us gonna make it out of here alive."

I'm concerned that neither of my kids will be able to afford the great retirement I've had, and I've planned for them to inherit enough to get them to a point where they might just be able to retire in comfort. They both have retirement savings, but are far behind where I was at their ages. Hopefully they will listen to the "free advice" that I've given them about how to handle the money, which is to pay off all non-mortgage debt, then to conservatively invest it all of it in low cost index funds and inexpensive bond funds. It worked for me, and hopefully it will work for them too.

Leaving money to kids
 

I couldn’t disagree more!
We are leaving the next generation with huge national debt and global climate change and terrible health care. It will be more difficult for them to prosper and take care of my grandchildren. I am working hard to make sure that I can leave an inheritance to help them all I can. They are my kids. I had better opportunities than they will