Anonymous wrote:I don't think I would be upset if my parents left money to my children in their will (although I would be concerned about them spending it wisely if they were college-aged and consider a trust), but the thing that seems really screwed up about your story is your mother's wielding of her money as a way to pass judgment about your marriage. Sounds like she has major issues.
Anonymous wrote:My kids are currently 5 and 9. I have every intention of leaving them nothing when I die and leaving it all to my grandchildren or great grandchildren (if I live that long). I'm giving my kids a wonderful childhood, access to a first class education, I'm saving for their college plus giving them my and DHs GI bill, so they will be able to go anywhere, including grad school. If they can't succeed without my money later on in life, it won't be my fault. My money will go to minors who still need money for education and establishing themselves. Not so adults can afford to live better than their career allows for a couple years - my death won't be a lottery win for my adult children.
FWIW, Warren Buffet and Bill & Melinda Gates have similar philosophies, although the bulk of their estates are going to charity and foundations.
Anonymous wrote:Anonymous wrote:Anonymous wrote: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).
+1
Also, to answer your question: Yes, I would be upset.
OP here. I would not be hurt if it was a trust fund for the kids that could only be spent on furthering education. Is something like that possible? I would like to suggest that to her, but I am not too optomistic considering she never offered to help with any college expenses or kids lessons, etc. She is hoping one of the grandkids will stay in her house.
Anonymous wrote:I would be happy that my children are getting something.
Anonymous wrote:Nope. Her money her choice. I think its nice she is leaving it to YOUR children which enables them an easier life. My parents left 1.8 million dollars to a University, leaving my siblings all with 10 grand each. I loved my parents and really respect their choice.
Anonymous wrote:My kids are currently 5 and 9. I have every intention of leaving them nothing when I die and leaving it all to my grandchildren or great grandchildren (if I live that long). I'm giving my kids a wonderful childhood, access to a first class education, I'm saving for their college plus giving them my and DHs GI bill, so they will be able to go anywhere, including grad school. If they can't succeed without my money later on in life, it won't be my fault. My money will go to minors who still need money for education and establishing themselves. Not so adults can afford to live better than their career allows for a couple years - my death won't be a lottery win for my adult children.
FWIW, Warren Buffet and Bill & Melinda Gates have similar philosophies, although the bulk of their estates are going to charity and foundations.
Anonymous wrote:Anonymous wrote: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).
+1
Also, to answer your question: Yes, I would be upset.
Anonymous wrote:The hurt and the worry about your daughter not spending wisely are two different issues. You need to move past the hurt, period. Her money, her choice. But it is absolutely reasonable to ask that restrictions be placed on the dispensing of money.