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re: All this inheritance talk has me curious, fill all the cup equally? Or fill it the same?
Posted on 1/6/25 at 1:10 pm to fareplay
Posted on 1/6/25 at 1:10 pm to fareplay
I’m a fan of primogeniture or something analogous. Give it all to one kid so it can better be utilized to compound and create generational wealth as opposed to it being split into the wind. I’m not the first born so wouldn’t benefit me, but I’ve told my dad that would be my preference.
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Posted on 1/6/25 at 1:10 pm to fareplay
One village idiot using the other village idiot's thread as inspiration. What a fatastic Monday on tOT
Posted on 1/6/25 at 1:16 pm to John Casey
quote:
I'm one of 4 and would be stunned if me and my siblings were fighting over an inheritance when our parents pass.
Same. If anything, my husband and I would be trying to give our brothers more than they'd want to deal with because we love them.
This post was edited on 1/6/25 at 1:40 pm
Posted on 1/6/25 at 1:18 pm to BayouBandit24
quote:
The best thing to do and most non-controversial is to divide it equally amongst the kids.
An inheritance is the passing down of wealth and goods to your kids. They are your kids, and you are to love them each equally. Why would anyone pick and choose who gets more of the family funds? That just seems messed up to me. Unless one of my kids becomes a piece of shite dreg, they will all receive an equal share. Who makes more is irrelevant, because this isn't a rewards contest. It's the parts of me that I have built up in my life, and they should all equally share in that. The last thing I ever want my kids to experience is the feeling that I cherish one of them more or less than the others.
Posted on 1/6/25 at 1:19 pm to GreatLakesTiger24
quote:
I could definitely see one of my sisters trying to get more than the rest of us.
My wife and her two sisters are about to go through it. Their dad is pushing 80 and starting to have health issues on top of health issues. One sister has already maneuvered onto their family land and claims she helps him out every day. I doubt that's true because I am over there 4 or 5 times a month helping him out woth some project he wants. The majority of the time, she isn't there.
The other sister is pretty damn wealthy so she doesn't need anything, but her and her husband are there a lot of the time that I am. They're good to go and never really cause drama like the first sister who weaseled her way into my wife's grandparents home on the land.
Then my wife is over here just enjoying what time she has left with him. She takes him to every doctor appointment he has to spend time with him because her lunatic of a mother nuked my wife's relationship with her father at a young age. Her mother is borderline personality and has been a menace for as long as I've known my wife.
Anyways, I can see this train wreck coming from miles away and I have tried to talk to her and soften the landing whenever he does pass and one or more of the family members shows out, it won't be so hard. She is aware, but idk if she's truly understanding. I've seen it happen in my family before.
This post was edited on 1/6/25 at 1:20 pm
Posted on 1/6/25 at 1:22 pm to IAmNERD
This is popcorn level stuff. Keep us updated
Posted on 1/6/25 at 1:22 pm to Galactic Inquisitor
quote:
The only time you don't have a sibling fighting for more inheritance is when you have no siblings
Not true. My grandparents had no will (father already deceased). Me and my sister liquidated everything and split it down the middle. Smoothest thing ever minus all the death.
Posted on 1/6/25 at 1:24 pm to BayouBandit24
quote:
The best thing to do and most non-controversial is to divide it equally amongst the kids.
I’ve seen it happen first hand multiple times with myself and friends.
A friend had two siblings that were loaded, I’m talking one had a private jet. He was by far the worst off financially. Just normal middle class, 3 bedroom house.
Father tried to give him extra by giving him his house, to help him out in the will and both of the siblings got pissed after it was settled. He’s a good guy and didn’t want to cause problems in the family so he went against what his dad wanted and divided up everything equally.
My family had this issue and my dad and his sister haven’t talked since their parents died. Best thing to do, is split everything down the middle between all kids.
This post was edited on 1/6/25 at 1:31 pm
Posted on 1/6/25 at 1:35 pm to fareplay
I have told my kids to expect me to spend my last dime right before I keel over. I explained to them that they should prepare to make their own way, I would help when I felt it was appropriate if I could. All of them seem to be in a good enough position now and are making their way and seem to be happy.
My reasoning revolved around people I saw coasting along just waiting for their parents to die and leave them money and the things I have seen where siblings and family stop talking to each other over money/inheritance disputes. We plan to split any assets equally between them. Anything that is sentimental to them will probably be handed over to them before anyone passes, hopefully. I am thankful that they all get along really well and none of them (4 kids, 2 of each) are greedy or selfish.
My reasoning revolved around people I saw coasting along just waiting for their parents to die and leave them money and the things I have seen where siblings and family stop talking to each other over money/inheritance disputes. We plan to split any assets equally between them. Anything that is sentimental to them will probably be handed over to them before anyone passes, hopefully. I am thankful that they all get along really well and none of them (4 kids, 2 of each) are greedy or selfish.
Posted on 1/6/25 at 1:38 pm to fareplay
My dad's 2 kids from a second marriage will get more than I do. They have extra trusts set up from their mothers family.
My dad will divide his wealth equally amongst the three of us.
My dad will divide his wealth equally amongst the three of us.
Posted on 1/6/25 at 1:39 pm to fareplay
Absent a real outlier situation, even is best.
And if you are going to favor one over the other, only do it with cash assets. A multimillionaire heir may not get too upset about a sibling getting an extra $250,000, but they will get upset about not getting family heirlooms and personnel items.
Also don’t give anyone an asset that costs money to maintain if they can’t maintain it. Liquidate and distribute cash.
And if you are going to favor one over the other, only do it with cash assets. A multimillionaire heir may not get too upset about a sibling getting an extra $250,000, but they will get upset about not getting family heirlooms and personnel items.
Also don’t give anyone an asset that costs money to maintain if they can’t maintain it. Liquidate and distribute cash.
Posted on 1/6/25 at 1:40 pm to fareplay
Split it evenly and hope you raised your kids well enough to not blow it.
Posted on 1/6/25 at 1:52 pm to fareplay
Why do people think it's their responsibility as parents to build up wealth to give to their children?
The best thing you can give you children is honor and integrity through love and with that they will build their own wealth.
The best thing you can give you children is honor and integrity through love and with that they will build their own wealth.
Posted on 1/6/25 at 1:55 pm to fareplay
quote:
inheritance
I wonder how many people actually leave one, everyone tells me that end of life care takes ends up with most of what people ever had.
Posted on 1/6/25 at 1:56 pm to fareplay
You split it up equally. If one of the kids is a drug addict or a shite head who blows money, put his/hers in trust
Posted on 1/6/25 at 2:02 pm to fareplay
In my opinion, parents should help their children individually according to their needs.
It doesn’t make sense to me to divide an inheritance up equally between kids who are in vastly different life situations.
It doesn’t make sense to me to divide an inheritance up equally between kids who are in vastly different life situations.
Posted on 1/6/25 at 2:03 pm to fareplay
Equally as a rule. Perhaps less what extra individual kids already received
If one is a moron with money then consider them getting it as an annuity that kicks in at 65. The objective there is to have something in their old age instead of being bankrupt like a retired athlete
If one is a moron with money then consider them getting it as an annuity that kicks in at 65. The objective there is to have something in their old age instead of being bankrupt like a retired athlete
Posted on 1/6/25 at 2:06 pm to fareplay
Depends on how much money we are talking about but most of all, we would need to know the life circumstances. There are many families out there that if they knew one sister or brother just had a shitty go at it, they would ask the parents to make it right.
In a perfect world equal split down the line with the youngest getting the 1/10th of a percent if need be.
In a perfect world equal split down the line with the youngest getting the 1/10th of a percent if need be.
Posted on 1/6/25 at 2:06 pm to Midget Death Squad
quote:
They are your kids, and you are to love them each equally. Why would anyone pick and choose who gets more of the family funds? That just seems messed up to me. Unless one of my kids becomes a piece of shite dreg, they will all receive an equal share. Who makes more is irrelevant, because this isn't a rewards contest. It's the parts of me that I have built up in my life, and they should all equally share in that. The last thing I ever want my kids to experience is the feeling that I cherish one of them more or less than the others.
My parents give my sister way more money than they’ve ever given me, because she needs it more than I do. That isn’t about who they cherish or love. Money doesn’t equal love.
Posted on 1/6/25 at 2:08 pm to Snipe
quote:
Why do people think it's their responsibility as parents to build up wealth to give to their children?
A couple of reasons:
1. They love their children so much they want them to be okay when they pass away.
2. The Bible
3. There is no greater Euphoria on this green earth then being able to hand large sums of money to someone else and it does not affect you at all. This is a proven fact actually.
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