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Reply to "Would you be upset if parent's inheritance went to your kids instead of you?"
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[quote=Anonymous][quote=Anonymous]If you are honestly worried about your kids not spending the money well, then ask for it to be put into trust until they are older (or, I know some lawyers who suggest leaving it in trust indefinitely). [/quote] I think skipping a generation is a great way to generate wealth, but you do have to wait out the grandkids' grabby/needy/showy years. Have the trust open at 35, 40, or 45. My kids are toddlers, so the opportunity for growth may have been greater (re time at least) than for you children, who seem much older. I divorced my husband a little over a year before my mother died. She probably would have gone the exact same route had I still been with that awful man. Her money now serves her grandchildren in a way it wouldn't have if their father were still involved in financial decision making. [/quote]
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