Inheritance message to our daughter today…


I've been using that phrase for years now. Every cent you spend is technically spending their inheritance. It's cute, but has a serious side effect! Some day your children will be deciding what nursing home they put you in and they might pick the cheapest so as to limit the damage on their inheritance. Payback can be hell! Or they might keep you with them and use your SS to finance Caribbean Cruises and spend their inheritance before it becomes and inheritance.
 
I've been using that phrase for years now. Every cent you send is technically spending their inheritance. It's cute, but has a serious side effect! Some day your children will be deciding what nursing home they put you in and they might pick the cheapest so as to limit the damage on their inheritance. Payback can be hell!
Not if you keep control by saving during your entire career and providing for yourself and lay out plans for your retirement and long-term care. There's a way to do both, if you want to leave something to your progeny.
 
Not if you keep control by saving during your entire career and providing for yourself and lay out plans for your retirement and long-term care. There's a way to do both, if you want to leave something to your progeny.
Yes, I know those things are available, but life doesn't always work out the way we plan and many things, like serious illness can alter the best made plans of mice and men. Beside, the whole thing is a joke anyway and I'm sure their child knows them well enough to know that, like myself, are just kidding around. If a child takes it that seriously then they care a lot more about having an inheritance then they care about their parents. In other words, not every parent can say that and not have some degree of negative reaction. If your children share your same dark sense of humor they know there is no problem intended or perceived. Todays society is why to uptight about death like if they just don't ever speak about it, it won't happen to them. Everyone of us has it in our futures, no one has ever escaped it so we might as well get a laugh about it now and then.
 
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Yes, I know those things are available, but life doesn't always work out the way we plan and many things, like serious illness can alter the best made plans of mice and men. Beside, the whole thing is a joke anyway and I'm sure there child knows them well enough to know that, like myself, are just kidding around. If a child takes it that seriously then they care a lot more about having an inheritance then they care about their parents. In other words, not every parent can say that and not have some degree of negative reaction. If your children share your same dark sense of humor they know there is no problem intended or perceived. Todays society is why to uptight about death like if they just don't ever speak about it, it won't happen to them. Everyone of us has it in our futures, no one has ever escaped it so we might as well get a laugh about it now and then.
I understand the humor that was intended, and that's all good.

But more people should save and spend as if life won't work out and their lives will depend on it, because they will.
 
I got that right away--thats funny

on a side note of spending inheiratence is my folks taking us all on a big family vacation so they could see us enjoy the inheiratence instead of when there gone

weve gone to some amazing places it was great spending time with my whole family

unfortunatly both my parents are gone now so we got the last of the inheirtenace its sad there not around to see us enjoy it any longer but I know there both happy with what we all did with it
 
I never really understood the concept of leaving your kids inheritance. You earn the money, you get to spend it. Saving money just so you can leave it to them after your dead makes no sense to me. Other than any money left in my retirement account & possibly pension, the only inheritance my kids might get will be the proceeds from the sale of my house.
 
I never really understood the concept of leaving your kids inheritance. You earn the money, you get to spend it. Saving money just so you can leave it to them after your dead makes no sense to me. Other than any money left in my retirement account & possibly pension, the only inheritance my kids might get will be the proceeds from the sale of my house.
My kid's inheritance is the same money I set aside in case I live to 100 or more.
 
I never really understood the concept of leaving your kids inheritance. You earn the money, you get to spend it. Saving money just so you can leave it to them after your dead makes no sense to me. Other than any money left in my retirement account & possibly pension, the only inheritance my kids might get will be the proceeds from the sale of my house.
Some people save and earn a lot more money than they can or want to spend.
 
We tell our mom that all the time. She has always been very frugal and is an excellent saver, almost to her own detriment. She buys what she needs, but sometimes hesitates to buy nice things or luxuries for herself. She'll say, "Do you really want me to spend your inheritance on that?" We say, "Yes Mom! Spend our inheritance. It's still your money and you deserve something nice!"
 


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