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Children spending their parents inheritance....

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ProfilePosted byOptionsPost Date

supercrutch

supercrutch Report 18 Jan 2012 11:23

We are in a slightly different position having one daughter who will need some financial security. My two other children have always said they don't want a penny as they are well set up and that shows how much they appreciate the problems our eldest may face (she has had MS since she was 18).

We have also been told by them to spend whatever we want to as they will both support her anyway - good kids eh? <3

Who knows how much we'll leave (apart from the house), we won't scrimp in our dotage as none of the kids will want to see us not enjoying our old age.

Any children who feel they can dictate to their parents about an expected inheritence should be disinherited forthwith :-D

Sue x

StrayKitten

StrayKitten Report 18 Jan 2012 11:23

a will "frets" no i dont want your cilla black LP's hayley :-D

i think the thing is some people try and justify why they should have it, your parents have brought you up, loved you, and clothed you, they have given all you should have, once you get to 18 its up to yourself to provide for yourself, obv unless they choose to help thats dferent, but expecting it is defo wrong,

lorraineakapuss

lorraineakapuss Report 18 Jan 2012 11:11

ahh lindsey thats lovely xxx

A lady i run a charity stall with , has a son and a daughter the son is a ex copper, he constantly lends his son 100s and sometimes thousands to acustom him to the financial side he was once had, her husband the kids step dad tells her not to do this, but the son justifys his borrowing is only of his in herititence anyway, so she has divided what she is likely to leave each adult child and is deducting every loan he has of her and dosnt pay back, he dosnt know !!

:-S

 Lindsey*

Lindsey* Report 18 Jan 2012 10:56

My mum does the sweeping gesture , "When I die it will all be yours"
and refuses to spend any money on herself/ She is not poor.
i have given up trying to get her to replace things and treat herself to a few comforts, and as for taking a taxi anywhere, she would rather beg a lift from the neighbours. She is so used to moaning and suffering.

My plan is to pay off the children's mortgages and spend the rest before I'm too old to enjoy it .!

lorraineakapuss

lorraineakapuss Report 18 Jan 2012 10:29

I agree, my grand parents are going to leave a substantial amount, yet they do the same coach holiday to the seaside every year, there content with that, my mum wants her to live for ever and never talks about any money she will recieve.
i have mixed feelings with my sister she works all the hours she can , her husband does the least he can, paying there morgage every month is a reall struggle, yet god for bid when she dies the house will be left to her 2 sons, i wish my sister when retired could enjoy some of the fruits of her labour.
then another story someone i know is probably going to recive an amout that will change her life, she dosnt want a penny , she wants her husband of 30 yrs back and the kids want there dad back, theyve considered leaving the money to a charity, as this case is about getting justice, ive told this person she alone should blow the money and enjoy every penny, a slight recopense for her suffering of her loss, being born in a earlier generation, that amount scares her, she is worried she may have to leave her council bungalow and her pensions, not through greed but more of its her only security, hence the query i made the other day how she could give her kids some money as she feels they should recieve something for there loss, and the support she got from some of her kids, this wasnt out of greed about her giving away to her kids, she suffers from anxiety and i thought if i could find out some senarious, to reasure her but she still had a sleepless night, ive told her whatever the income is, she will have a proffessional adviser, and what ever happens the money is likely to happen, and the lovley fact is not one of her children want a penny, this poor woman has worked hard all her live raising 5 kids scrubbing floors and toilets for a living losing two husbands, and never had spare money, i hope she spends every penny enjoying it two nothing and no amount of money will bring her husband back, she has been reaured she will not loose her bungalow so far.

Dawnieher3headaches

Dawnieher3headaches Report 18 Jan 2012 10:03

how selfish of him.

my attitude is my parents have earnt their money they should spend it while they can. When dad said they were having their kitchen re done to make it easier for them was fine he said but its your inheritance we are spending and reply was so what isnt ours its yours to spend and if makes life easier for them is worth it.

Did get money from his dads estate but used that for the kids for if they wanted to go to university as he asked us shortly before he died what we wanted him to do leave money to us or leave for kids for education or stuff they needed to get job or home etc. We said later would be nice as we knew we couldnt afford it but he never got chance to change his will so we did it afterwards and knowing they have a little to help with college etc is nice and his legacy to them.

Silly Sausage

Silly Sausage Report 18 Jan 2012 09:59

I watch my Mother scrimp and scrape all my life and I only wish she would spend her money on her, I have no wish or desire to profit on my mums death or from any money that comes her way whilst she is alive,but I DO expect to be treated equally........as for me my children will receive some money and depending on circumstances hopefully the house and I have left a will.

But for now I tell them I am spending their inheritance and enjoying every min of it :-D

StrayKitten

StrayKitten Report 18 Jan 2012 09:59

what my parents choose to spend there money on is there buisness,

id much rather they use what money they have to enjoy themselves,

:-D what eldrick said

some people re so greedy and selfish it makes me sick, there is nothing worse than a death to show peoples greedy sides, x

MaccollFan1

MaccollFan1 Report 18 Jan 2012 09:18

I agree with the previous posts, although my Granddad was the complete opposite. He saved all his money for years and years, hardly ever spending a penny, and making my Nan scrimp and save for everything. When we questioned him about it, he'd always say "You'll get it when I go".

They are both gone now, and we do have the money, but we wish he'd used it to give himself and my Nan a better quality of life while they were still around. :-(

Matthew

AnninGlos

AnninGlos Report 18 Jan 2012 09:18

What a charming young man (not!) And how silly of them to have been blackmailed by him.

Our two always say, 'you spend your money, we don't want it.'

One of our friiends, when his widowed mother died was delighted to find that all she had left in cash was under a pound and nothing in the bank. He thought that was the way to go. She was living at the time (some years back) on her weekly pension in a council provided old people's bungalow

SueMaid

SueMaid Report 18 Jan 2012 09:15

When we told our kids that we were going on our dream trip last year they were so excited. They even helped us plan where we were going. I think they were more pleased than we were and couldn't wait to hear about the places we visited.

Sue

Penny

Penny Report 18 Jan 2012 08:50

Stinks!
They earned it, they saved it, they should enjoy it

Shame so much of what they should be enjoying needs to be spent on essential care

SueMaid

SueMaid Report 18 Jan 2012 08:49

I feel that we will have failed somewhere along the line if there is anything left for the children to inherit :-D We've worked hard for what we have and now we're retired we intend to enjoy it - and from what our 3 have said they fully expect us to.

Sue

UzziAndHerDogs

UzziAndHerDogs Report 18 Jan 2012 08:46

Muffy It annoys me also

.A couple I know sold their house in the UK and down graded and rented the flat out, then spent a major amount on a RV to travel Europe. Their son said he would never to speak to them ever again if they did it as it was his inheritance. Bless the couple they said they would be sad with his decision but would be cope in the sunshine.

Eldrick

Eldrick Report 18 Jan 2012 08:45

Mine will get nowt, or very little, at least in the way of cash. 'Cos it will all be spent on............moi. They know this and,whilst a bit miffed, know me too well to expect any other.

So my view is that any offspring that expect a financial windfall on the death of their parents are greedy, grasping individuals who should be hit with sticks every morning before breakfast.

Muffyxx

Muffyxx Report 18 Jan 2012 08:38

I just wondered what everyone thought of this.

A couple who I've known since I was a child have a son who made them feel so bad about doing an equity release on their house..(.to ease the pressure financially for them...and enable them to have a few mini breaks etc).....that they backed off and didn't sign the forms !!!!

What was his problem?..... *They were being selfish spending MY inheritance*

Personally I'd have withdrawn the whole blinking lot with that attitude and blown it on a round the world trip...How DARE he !!! It's THEIR money not his!!!!

Why is it some children feel that they are entitled to ANYTHING?...they should be getting off their backsides and earning their own money imho ...not expecting to be living the life of riley off the back off their parents hard work....

grrrrrrrrrrrr makes me so cross !!!

Rant over :-D