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re: Did you get an inheritance? Or some financial gift?

Posted on 10/20/23 at 1:50 pm to
Posted by Trevaylin
south texas
Member since Feb 2019
5967 posts
Posted on 10/20/23 at 1:50 pm to
My brother took care of bedridden mom for the last two years of her life. At inheritance settlement time, I gave brother my share 25000, because of his committment
Posted by Boudreaux35
BR
Member since Sep 2007
21570 posts
Posted on 10/20/23 at 1:51 pm to
quote:

Do you plan on giving same to your kids?


My ex pretty much took care of any chance of that.
Posted by chryso
Baton Rouge
Member since Jul 2008
11925 posts
Posted on 10/20/23 at 1:53 pm to
I just hope I am not left with a bill.
Posted by The Torch
DFW The Dub
Member since Aug 2014
19411 posts
Posted on 10/20/23 at 1:55 pm to
My mom passed last June 2022, dad had been gone 16 years so she held everything.

My sister and I had no idea but we both received $225,000.00 in cash (CD's), School System Retirement and Life Insurance.

We also just sold her house and received another $97,000 each after all fees/commission.

And we still have 33 acres of land we are going to hold on to for the kids or whatnot

Old school parents who lived a simple life, drove modest cars and lived in the same house they built in 1968 for $36,000. My mom played broke until the day she died.

This post was edited on 10/21/23 at 5:43 am
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 10/20/23 at 1:55 pm to
quote:

you’re kind of obsessed with money and how much people have or don’t have
ok so it's not just me that's noticed this from him

His thread history is cringe
Posted by goofball
Member since Mar 2015
16898 posts
Posted on 10/20/23 at 1:56 pm to
Nope.

My parents didn't get any from their parents. I won't get any from my parents.

I am trying to set up a trust for my daughter but I don't want her to touch it until she's 40 when her lifestyle and more frugal spending habits are already established.
Posted by El Segundo Guy
SE OK
Member since Aug 2014
9643 posts
Posted on 10/20/23 at 1:59 pm to
I haven't ever gotten anything. My wife did get an interest in 1280 acres of oil producing land from her dad's family. Her kinfolk won it in a poker game 120 years ago.
Posted by jflsufan
Baton Rouge, LA
Member since Mar 2013
4455 posts
Posted on 10/20/23 at 2:04 pm to
quote:

you’re kind of obsessed with money and how much people have or don’t have



aTm trying to raise money for Jimbo's buyout, a new coach, and more NIL funds.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119442 posts
Posted on 10/20/23 at 2:04 pm to
quote:

School System Retirement


School pensions in Louisana pass down to children?
Posted by notiger1997
Metairie
Member since May 2009
58246 posts
Posted on 10/20/23 at 2:09 pm to
Yes my wife and I have received financial gifts from family, especially from her parents.
I plan to do the same for my kids.

Because I can
Posted by Finch
Member since Jun 2015
3155 posts
Posted on 10/20/23 at 2:10 pm to
quote:

yes and it will all go directly to my boys


Already depositing in their commissary?
Posted by H2O Tiger
Delta Sky Club
Member since May 2021
6637 posts
Posted on 10/20/23 at 2:12 pm to
Whenever I call my dad and ask him what he's doing his response is, "Spending your inheritance"
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 10/20/23 at 2:13 pm to
quote:

Did you get an inheritance? Or some financial gift?yes and it will all go directly to my boys


quote:

SuperSaint




That’s the funniest shite I’ve read all century
Posted by John88
Member since Sep 2015
6222 posts
Posted on 10/20/23 at 2:14 pm to
My grandpa left me a bond , got to about $1,000. Used it towards a car.
Posted by CunningLinguist
Dallas, TX
Member since Mar 2006
18786 posts
Posted on 10/20/23 at 2:16 pm to
No on inheritance. The wife will probably get around $100k or so if my guess is right she her parents were pass.

My kids will have college fully paid for by us. We save early and often for that.
Posted by Pitch To Johnny
Houston
Member since Jun 2015
4195 posts
Posted on 10/20/23 at 2:23 pm to
quote:

you’re kind of obsessed with money and how much people have or don’t have
He's always asking wildly personal questions and I think its odd that it keeps coming from the same person, but I always enjoy reading the answers
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 10/20/23 at 2:25 pm to
quote:

That’s the funniest shite I’ve read all century
Posted by lsufball19
Franklin, TN
Member since Sep 2008
65066 posts
Posted on 10/20/23 at 2:56 pm to
quote:

Did you get an inheritance? Or some financial gift?

I'm sure I will when my parents die
quote:

I’m surprised at how many parents buy their kid their first car, house, school, etc.

you're surprised parents buy teenagers cars and pay for school? Why should that be surprising or even weird?

Each generation of my family has put the next through college. So basically, you pay it forward when you are financially able and don't put the next generation in debt right out of school. We have college savings accounts for our kids so we will be able to do the same. Everyone ultimately has paid for college. They just do it later in life when they're not poor.
This post was edited on 10/20/23 at 2:59 pm
Posted by XenScott
Pensacola
Member since Oct 2016
3163 posts
Posted on 10/20/23 at 2:59 pm to
My wife had a great uncle that left us a bit and some for my kids education.
I'm a homebuilder. What I plan to do for my 2 boys is build them a house at cost. Teach them how to do that every 2 years, build and sell. Do this until they have no mortgage.

If I can do that, and they can follow through, they should be set if they are smart.

My wife and I are insured with whole life policies for 1.5 mil apiece. We plan on using that as part of our retirement. If something happens to us before then, they will start out with 1.5 apiece.

Obviously we are setting up a trust so it will be managed properly.
Posted by threeputtforbogie
Member since Sep 2017
833 posts
Posted on 10/20/23 at 3:03 pm to
quote:

I got a down payment on my home in 2019


That's a pretty nice gift
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