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re: Will you will more to your kids than you will inherit from your parents?
Posted on 4/9/14 at 11:21 pm to East Coast Band
Posted on 4/9/14 at 11:21 pm to East Coast Band
More than likely. My parents had five kids. I have one. The wife and I have been saving for retirement since day 1. Daughter will probably inherit a Jeep with half a million miles, our house, and whatever cash we don't use up because of old age.
0
Posted on 4/9/14 at 11:35 pm to East Coast Band
Absolutely
Posted on 4/9/14 at 11:39 pm to East Coast Band
I'm gonna say probably, but if you take into account the amount that he invested in my siblings and me so far (private education, summer camps, vacations, etc.), it would be very hard to match.
Posted on 4/9/14 at 11:42 pm to East Coast Band
My dad made more in his life than his dad did.
Told me the other day that he hopes he can leave us something.
It all depends on how long he lives.
I would be happy to get nothing in that scenario.
Told me the other day that he hopes he can leave us something.
It all depends on how long he lives.
I would be happy to get nothing in that scenario.
Posted on 4/9/14 at 11:58 pm to magildachunks
Yep. My dad died on Christmas this past year and I'm managing my mom's money. I'm 42 and already have way more than double what she has and she has many years left in her. I hope she leaves me with very little.
Posted on 4/10/14 at 12:00 am to GeauxxxTigers23
quote:
The last check I write is gonna bounce.
Same here. Hope the funeral home is understanding though
Posted on 4/10/14 at 12:03 am to East Coast Band
No idea. My dad is a baller shot caller and I'm not even close. 
Posted on 4/10/14 at 12:04 am to East Coast Band
quote:
In your best guess estimate as your life will progress, do you think you will pass down more to your kids than you may receive, or have already received, from your parents?
I'm on a better start than my dad, but my father had a hell of a start-up company when he was 40. Hopefully I will, but I'm not counting on it. I honestly think my dad and I will be about even adjusted for inflation.
This post was edited on 4/10/14 at 12:08 am
Posted on 4/10/14 at 12:31 am to East Coast Band
Honestly no idea how much I am supposed to inherit. If I have a shite ton of money when I get older, the money passed down will be merit-based.
I know plenty of people who got money when they turned 18 and either blew through it within 5 years or turned into drug addicts.
I know plenty of people who got money when they turned 18 and either blew through it within 5 years or turned into drug addicts.
Posted on 4/10/14 at 5:05 am to Hammertime
Yes. Land was given to me. I bought more and had already gave all of it to my kids. Both are trying to buy even more at this time.
Posted on 4/10/14 at 5:08 am to East Coast Band
depends on the price of lumber.
Posted on 4/10/14 at 5:14 am to CurDog
quote:
depends on the price of lumber.
I select cut my place every 25 years. The land I gave my kids, they know that when it's time to cut again, that money comes back to Mom and Dad.
Posted on 4/10/14 at 5:17 am to fishfighter
quote:
I select cut my place every 25 years. The land I gave my kids, they know that when it's time to cut again, that money comes back to Mom and Dad.
our first thinning is due soon.
i fully expect that whatever money he makes off of this, he will/should keep(although me and him paid for the trees, he might give some to my younger brothers)
after that who knows, but i have power of attorney so i can commit both of parents
Posted on 4/10/14 at 5:22 am to CurDog
quote:
but i have power of attorney
Been there and done that. Sucks the big one when my Mom was dying.
Posted on 4/10/14 at 5:45 am to fishfighter
My dad is a baller. No way i pass him up
Posted on 4/10/14 at 6:13 am to East Coast Band
I will inherited 300 acres I plan on that being 600-1000 acres by the time I pass it on to my kids so the short answer is yes.
Posted on 4/10/14 at 6:16 am to fishfighter
quote:
Been there and done that. Sucks the big one when my Mom was dying.
being the oldest, i guess they just gave it to me.
it is what it is
Posted on 4/10/14 at 6:41 am to Scruffy
quote:
Scruffy
I thought you were around 80. Now scruffy's game of talking in 1st person isn't as funny.
Posted on 4/10/14 at 6:42 am to Butt Guster
quote:It's pretty funny if you know where he got his name from
I thought you were around 80. Now scruffy's game of talking in 1st person isn't as funny.
Posted on 4/10/14 at 6:43 am to FloridaMike
quote:
It's pretty funny if you know where he got his name from
since you seem to know, tell the rest of us
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