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re: Would you alter your will if one child became wealthier?
Posted on 4/15/24 at 9:41 pm to Pintail
Posted on 4/15/24 at 9:41 pm to Pintail
quote:
I can see it both ways. It really depends I would say.
If one kid becomes a multi millionaire (thinking $100M+) vs another that lives an upper middle class life. And you have a few hundred thousand plus your house in your name.
Maybe talk it over with my kids, but like another poster said I hope I raise my children right that they would both want what is best for each other.
The honest to God truth is that kids should expect nothing from their parents.
The sacrifices that my parents made in bringing me life and raising me makes me in debt to them. The opposite of looking to them for handouts when they pass.
That would allow me to not get upset if a family member got something that I didn't. My wife is an only child and I don't think her mind works that way. She thinks I get taken advantage of.
My advice was under the belief that most people are like her. Fair is fair. And anything else is a fracture that needn't exist.
Posted on 4/16/24 at 7:35 am to meansonny
quote:
The honest to God truth is that kids should expect nothing from their parents.
LOL, are you my dad. My father recently retired. He was very honest with both me and my brother. He said he worked hard his whole life and now he was going to retire just as hard. Take lots of trips, buy a better bass boat now that he has more time to fish, etc. Said if there was anything left once he’s gone then he is happy to leave it to us and hopes we do well with it. But if he spends his last dollar the day before he dies…oh well.
We both were more than fine with that. He’s been a great father and we both want him to enjoy retirement.
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