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Adult Children
Reply to "Inheritance when one child has kids, the other does not "
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[quote=Anonymous][quote=Anonymous] I’m curious what you’d have my parents do. I’m an only child with no children. Who should my parents leave their money to?[/quote] Use common sense? Your parents can leave their money to someone in their families on either father's or mother's side. If you're married, you can leave your money to your spouse's family. In the end, life goes on. Another option is to establish a mechanism to provide scholarships to the youth in the community. For example, I know of a high school where a former educator has a scholarship named after him for high school athletes. Another man who ran a soccer club all his life has a scholarship for academically exceptional club athletes. The amounts are small ($1000), but mean a lot to high school kids and they absolutely talk about this. I know of other small scholarships established by people in the community who are not millionaires that are for academic achievement. After all, there are only a few individuals who get libraries named after them. For these two men mentioned, their families established these scholarships after their deaths as a tribute for their lifelong passions, so there are kids and grandkids. Do your parents have passions? Did they spend their lifetime doing something that took a lot of effort and time (a career or a hobby)? I'm sure if you think a bit, you'll have your answer. [/quote]
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