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

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Feb 8, 2024
11:59:55am

downtownchrisbrown All-American

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

grandkids

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downtownchrisbrown

Bio page: downtownchrisbrown
Joined: Oct 9, 2014
Last login: Nov 8, 2024
Total posts: 4,255 (5 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

fattycoug

Feb 8, 4:43pm

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