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Eldercare
Reply to "Parents being flippant about inheritance - is it a trend?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents inherited millions, which they blew pretty fast. They even spent my college fund that my grandfather created for me. I am hoping that when my mom dies it doesn’t cost me anything.[/quote] PP, how did they blow it? Did they quit their jobs? Had both of them lived fairly privileged lives as children? What was their rationale for tapping the college fund? My ILs have done somewhat similarly. They have blown through nearly all of their own savings as well as what they inherited from one of their grandparents. DH and I eventually figured out post fact that the monetary gifts that they gave us for our wedding, first house, kids were really pass throughs of money that were from the grandparents. DH's take: My parents do not owe me anything - great childhood, no student loans, etc. I am not happy, however, that they presented these as gifts from them as opposed to my grandparents. Why the obfuscation, seems weird. And it does seem weird.[/quote] Are you saying that the grandparents were living when they gave money to your husband’s parents who then passed it on to your husband as though it was from them? If that’s the case, it is definitely weird to lie about who the actual giver of the gift was. Or had they already inherited the money and then used some of that money for you all? If that’s the case, it was their money at that point and they could use it in any way they saw fit. Money is fungible, so if the money belonged to them, it wàs theirs to choose to give to you all. [/quote]
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