Comments on: Should We Leave Money To Our Kids? http://frugaldad.com/2009/05/05/should-we-leave-money-to-our-kids/ Promotional Codes, Coupons & Deals + Money Saving Insights Fri, 25 May 2012 07:48:33 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Brenda http://frugaldad.com/2009/05/05/should-we-leave-money-to-our-kids/#comment-99002 Brenda Mon, 30 Apr 2012 13:12:13 +0000 http://frugaldad.com/?p=2460#comment-99002 Yes. This has been great fun reading these situations. Maybe I should start my own blog. I just look back in my life at my father and grandfather and how hard they worked and lived through WWII, a depression and diseases we've conquered...and how things are now...the expectations some have. This has been fun food for thought for sure. Thanks FD! Yes. This has been great fun reading these situations. Maybe I should start my own blog.
I just look back in my life at my father and grandfather and how hard they worked and lived through WWII, a depression and diseases we’ve conquered…and how things are now…the expectations some have. This has been fun food for thought for sure. Thanks FD!

]]> By: Brenda http://frugaldad.com/2009/05/05/should-we-leave-money-to-our-kids/#comment-98999 Brenda Mon, 30 Apr 2012 13:09:46 +0000 http://frugaldad.com/?p=2460#comment-98999 Dearest Rob, my goodness enjoy your wealth/life and your 2nd wife. Even if it makes your children angry, what you've earned is yours to enjoy. My husband and I have traveled the world and will continue to do so. Your children are who they are as ours are and even though they don't like our travels, they get what's left over when we're finished. We have insurance and assets they can divide. And they can earn their fortunes. Please you are doing the right thing by splitting it all but you deserve to enjoy living your life fully and in happiness not worrying about your children. If they live in the US they'll be fine! Please do what you like to do! OMG! Dearest Rob, my goodness enjoy your wealth/life and your 2nd wife. Even if it makes your children angry, what you’ve earned is yours to enjoy. My husband and I have traveled the world and will continue to do so. Your children are who they are as ours are and even though they don’t like our travels, they get what’s left over when we’re finished. We have insurance and assets they can divide. And they can earn their fortunes.
Please you are doing the right thing by splitting it all but you deserve to enjoy living your life fully and in happiness not worrying about your children. If they live in the US they’ll be fine! Please do what you like to do! OMG!

]]> By: Brenda http://frugaldad.com/2009/05/05/should-we-leave-money-to-our-kids/#comment-98996 Brenda Mon, 30 Apr 2012 13:03:38 +0000 http://frugaldad.com/?p=2460#comment-98996 This is great. We have a Living Trust and feel as Ruth does. Our children are all so different and life happens. One marries wealthy and is lazy, another works hard but is divorced and owes legal fees, another works hard and plays hard, while another has the kids and a rude husband. It all varies and changes with time. I like the allotment idea. I hate the thought of trying to manage your money from the grave. That's icky....however our daughter with the kids wants our house. But wait we have four children she's not the only one. Everything we have is to be sold and split four ways. If she chooses to buy the house from the other 3 that's her thing but the way things are going at the present time I don't think they want her to have it. I can relate to Ruth though...my son would be in Vegas too! This is great. We have a Living Trust and feel as Ruth does. Our children are all so different and life happens. One marries wealthy and is lazy, another works hard but is divorced and owes legal fees, another works hard and plays hard, while another has the kids and a rude husband. It all varies and changes with time. I like the allotment idea. I hate the thought of trying to manage your money from the grave. That’s icky….however our daughter with the kids wants our house. But wait we have four children she’s not the only one.
Everything we have is to be sold and split four ways. If she chooses to buy the house from the other 3 that’s her thing but the way things are going at the present time I don’t think they want her to have it.
I can relate to Ruth though…my son would be in Vegas too!

]]> By: Brenda http://frugaldad.com/2009/05/05/should-we-leave-money-to-our-kids/#comment-98995 Brenda Mon, 30 Apr 2012 12:56:12 +0000 http://frugaldad.com/?p=2460#comment-98995 Because they change and some even get bad habits! Because they change and some even get bad habits!

]]> By: Brenda http://frugaldad.com/2009/05/05/should-we-leave-money-to-our-kids/#comment-98992 Brenda Mon, 30 Apr 2012 12:53:20 +0000 http://frugaldad.com/?p=2460#comment-98992 I love this MB. Our three daughters are educated..still working on getting our son to finish. That last paragraph is so true and inspiring. I love this MB. Our three daughters are educated..still working on getting our son to finish. That last paragraph is so true and inspiring.

]]> By: Brenda http://frugaldad.com/2009/05/05/should-we-leave-money-to-our-kids/#comment-98989 Brenda Mon, 30 Apr 2012 12:50:52 +0000 http://frugaldad.com/?p=2460#comment-98989 Me too! I left them my good looks and brains, since I can't paint a lick. You are blessed! Me too! I left them my good looks and brains, since I can’t paint a lick. You are blessed!

]]> By: Brenda http://frugaldad.com/2009/05/05/should-we-leave-money-to-our-kids/#comment-98986 Brenda Mon, 30 Apr 2012 12:48:26 +0000 http://frugaldad.com/?p=2460#comment-98986 So true...help them get educated first...the money later. Most of the monetary help gets squandered that I've noticed. Even a neighbor gave his daughter his home and he ended up being kicked out of his own home. It seems they couldn't get along. Ugg! So true…help them get educated first…the money later. Most of the monetary help gets squandered that I’ve noticed. Even a neighbor gave his daughter his home and he ended up being kicked out of his own home. It seems they couldn’t get along. Ugg!

]]> By: Brenda http://frugaldad.com/2009/05/05/should-we-leave-money-to-our-kids/#comment-98984 Brenda Mon, 30 Apr 2012 12:43:50 +0000 http://frugaldad.com/?p=2460#comment-98984 Very nice. You and your mom sound like your heads are/were on straight! Very nice. You and your mom sound like your heads are/were on straight!

]]> By: jan http://frugaldad.com/2009/05/05/should-we-leave-money-to-our-kids/#comment-41136 jan Sat, 08 May 2010 20:28:29 +0000 http://frugaldad.com/?p=2460#comment-41136 FD- you should revisit this topic... FD- you should revisit this topic…

]]> By: Rob http://frugaldad.com/2009/05/05/should-we-leave-money-to-our-kids/#comment-31778 Rob Wed, 16 Sep 2009 20:41:05 +0000 http://frugaldad.com/?p=2460#comment-31778 I am retired with a wonderful second wife. In my pre-nup,six years ago, I stated that I wanted one half of all I had to go the my middle- aged children and the other half go to my wife. However, I spend considerable time thinking I should not purchase this item or take this expensive trip(s) less I have very little left at my death for my adult children. And it keeps us from doing some enjoyable things that we would like to do. Neither of my children have ever said the words, but they have intimated that they hope that I do not simply leave everything to my second wife. Like Ruth, one of my children is financially well off and the other is always in need of financial help. I would like to leave some money to them at my death; but I am no longer comfortable spelling out a percentage or dollar amount to be left for them. Especially since I plan to live many more healthy years. Plus, the 2007-08 market eliminated a considerable amount of what I had hoped to pass on some day. I am retired with a wonderful second wife. In my pre-nup,six years ago, I stated that I wanted one half of all I had to go the my middle- aged children and the other half go to my wife.

However, I spend considerable time thinking I should not purchase this item or take this expensive trip(s) less I have very little left at my death for my adult children. And it keeps us from doing some enjoyable things that we would like to do.

Neither of my children have ever said the words, but they have intimated that they hope that I do not simply leave everything to my second wife.

Like Ruth, one of my children is financially well off and the other is always in need of financial help.

I would like to leave some money to them at my death; but I am no longer comfortable spelling out a percentage or dollar amount to be left for them. Especially since I plan to live many more healthy years. Plus, the 2007-08 market eliminated a considerable amount of what I had hoped to pass on some day.

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