It sounds like it got sent to people at 58 who then spent it on their kids and

Feb 8, 2024
1:02:27pm

vagabonder All-American

grandkids, unless I'm reading that wrong. Getting your house down payment and some university costs paid for by parents with money inherited from grandparents isn't far from my idea of helping grandkids with tuition or a house down payment.

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vagabonder

Bio page: vagabonder
Joined: Dec 15, 2016
Last login: Nov 9, 2024
Total posts: 16,004 (28 FO)

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Messages

Author

Time

I am surprised that so many on here advocate not leaving anything for your kids.

Ycrazy

Feb 8, 11:37am

I don't have a problem with people leaving something, I just want to be careful

Coog4Life

Feb 8, 11:39am

I want to leave them a vast treasure locked away behind deadly obstacles

ryebrye

Feb 8, 11:42am

It's fine as long as you aren't skipping building relationships with your kids

Lance71

Feb 8, 11:42am

Agreed. I want to be able to leave something for my kids (after they're grown and learned

Penske Material

Feb 8, 11:45am

<< Deleted >>

Buffalo

Feb 8, 11:45am

In the dustbin with everything else...

justAnotherCoug

Feb 8, 11:47am

This is the stuff that will get fought over the most. I was surprised the rest

Ycrazy

Feb 8, 11:48am

I can't wait to get my mom's souvenir spoon collection!

Superkid

Feb 8, 11:51am

I hope to help my kids be in a position where they won't want or need anything from me when I die

CSoul

Feb 8, 11:46am

This is the right answer.

JWin

Feb 8, 11:50am

I think many are saying they will provide for their kids earlier in life

Plato

Feb 8, 11:47am

Most people die when their kids are at an age where they don't need anything

Superkid

Feb 8, 11:47am

I think the best way parents can help usually, is to help with a downpayment on a home

CSoul

Feb 8, 11:48am

I agree. When it matters most.

TFL

Feb 8, 12:14pm

Yeah, average age of getting an inheritance is 50 and 25% of inheritances are

BikeGuy

Feb 8, 11:57am

Nothing wrong with letting the wealth skip a generation and giving it to your

downtownchrisbrown

Feb 8, 11:59am

This is my thoughts. My grandparents were quite wealthy however I was surprised

PKCoug

Feb 8, 1:00pm

Depends on age of grandkids - could ruin them but also an option

johnnybyu

Feb 8, 3:17pm

I said it on the other thread, but I'll repeat it here...

StantonMac

Feb 8, 11:47am

<< Deleted >>

MakarAlexeevich

Feb 8, 11:49am

I don't think you will be able to find a bank that would go along with this. But

vegasnative

Feb 8, 4:57pm

See the same thing regarding education

OmahaOmaha

Feb 8, 11:52am

Paying for a child's education >>>> leaving an inheritance.

Lance71

Feb 8, 11:54am

Depends on the kid

jvquarterback

Feb 8, 12:01pm

The reality is the vast majority of people don't have enough assets to worry

maYbe

Feb 8, 11:55am

Exactly, maybe I'm just a poor, but I don't get the worry about "ruining" them.

Mitty

Feb 8, 6:48pm

It's very bizarre how so many have been brainwashed into thinking that

Lord Jim

Feb 8, 11:55am

I’m working in my golden sarcophagus. Next up is a pyramid.

jvquarterback

Feb 8, 12:02pm

No obelisque?

Plantagenet

Feb 8, 12:09pm

Agreed. Buying a first home, finishing college/grad school, raising a family, having a bad boss is hard enough

TFL

Feb 8, 12:02pm

My kids will get my house to split up after they sell it.

WJCougar

Feb 8, 12:07pm

Teaching them is better than leaving them money which can be good or bad

Plantagenet

Feb 8, 12:08pm

I have no objection to leaving an inheritance, but better to financially help children with college or trade school.

SierraCoug

Feb 8, 12:11pm

They won't need it when they're 60. I don't need anything now, but receiving

vagabonder

Feb 8, 12:15pm

Totally agree with this line of thinking — if you can. However, a lot of people have wealth tied up in homes &

Soupie

Feb 8, 12:24pm

I don't agree with this. It's not true for my family.

justAnotherCoug

Feb 8, 12:52pm

It sounds like it got sent to people at 58 who then spent it on their kids and

vagabonder

Feb 8, 1:02pm

You're mostly correct

justAnotherCoug

Feb 8, 3:30pm

Some kids will need it.

WJCougar

Feb 8, 1:05pm

I see a lot of similar statements...

StantonMac

Feb 8, 1:08pm

Certainly if you can but don't think you should feel obligated or hold back on your own life to do it.

Soupie

Feb 8, 12:17pm

Only fulfillment I get in life is providing for my kids. I don’t like traveling.

cougfanz

Feb 8, 12:34pm

I don't get it either, I plan to leave as much as I possibly can for my kids.

Mitty

Feb 8, 4:16pm

It seems more useful to me to give kids a bigger “hand-up” earlier in their adult lives than after their are already

cougXor

Feb 8, 4:41pm

I just won't have anything to leave them. They're spending it all now

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