Would You Deny Your Kids Their Inheritance?

An acquaintance of mine lost his father a few weeks ago, a couple of years after losing his mother.

He didn't get on with his father at all, they often went months without speaking and only really saw each other at Christmas.

His father was quite wealthy, he'd run a small Accountancy firm for 40 years or so, so naturally my acquaintance, as an only child, expected to get control of the business and his fathers house and savings.

But oh no. His father left the firm to his best friend and his house and savings to a local charity - he didn't leave my acquaintance a bean. He didn't even say why in his will.

My acquaintance is threatening all sorts of legal action but he doesn't have a leg to stand on as his father was 100% all there.

Could you do this to your kids? Would you leave your house/cash to your children regardless of your relationship with them, or could you see yourself cuting them out if they ever pissed you off?

It's important that children learn the value of making their own way in life. Hard working parents should, wherever possible, try to instil the benefits of work ethics on their offspring.

By all means give them a financial lift to start them off by paying for their education and driving lessons etc etc.

It may well be that your acquaintance is a bone idle twat, in which case his father was quite within his rights to leave him fcuk all.

I'd rather let my kids benefit from any inheritance I may leave rather than a close friend/charity...Unless the kids did something really bad.

They say that blood is thicker than water, especially if your name is Jeremy Bamber.

I will probably leave everything to my wife, otherwise my two daughters. Having said that, I have always made sure they have never gone without, and I have helped where I can financially. My youngest daughter has recently gained a new promotion and is earning more than me (she is now on £K45 pa, not bad for a 26 year old), and my older daughter is about to buy her second house, (she's keeping the first). With this in mind, I have no problem spending what have, knowing they are making their own way in the world, and the money they get from my (downsized) house will be sufficient to keep them financially afloat, if they need it. My children will always come first, rather than friends or animals.

Im not sure my kids want a fig leaf and a bike.

gloswhite wrote:I will probably leave everything to my wife, otherwise my two daughters. Having said that, I have always made sure they have never gone without, and I have helped where I can financially. My youngest daughter has recently gained a new promotion and is earning more than me (she is now on £K45 pa, not bad for a 26 year old), and my older daughter is about to buy her second house, (she's keeping the first). With this in mind, I have no problem spending what have, knowing they are making their own way in the world, and the money they get from my (downsized) house will be sufficient to keep them financially afloat, if they need it. My children will always come first, rather than friends or animals.

Bang on the money Glos. If your kids work hard and don't let you down then by all means you can be proud of them. I didn't work hard all my life to bring up bone idle scroungers and nor do most people.

Sir Nut's Dad wrote:Im not sure my kids want a fig leaf and a bike.

They probably wouldn't want a father who looks like he spends most of his life in a Growbag either.

Reebok Trotter wrote:It's important that children learn the value of making their own way in life. Hard working parents should, wherever possible, try to instil the benefits of work ethics on their offspring.

By all means give them a financial lift to start them off by paying for their education and driving lessons etc etc.

It may well be that your acquaintance is a bone idle twat, in which case his father was quite within his rights to leave him fcuk all.

Very succinctly put!

I wonder what Nat would do? She'd have to break the crust first though!!

My Grandad died and left his money to his bird - my stepgrandmother. She promised him she'd share it out. She left everything to the RSPB. We had to bid in an auction to get some of my grandad's stuff to remember him by. She was a bitch.

My father always instilled a work ethic in me, but always helped me financially as well, Il be honest - I wanted for nothing. I used to do bits of admin for him after school and on Saturdays.

When I was 21 I got my trust fund released, I was wise with this and the majority of it paid for the deposit on my first house and my first brand new car, the rest was squandered on a holiday, clothes and alcohol.

I would never have been allowed all this though if I couldn't convince him I would be sensible with it all, Id been taught the value of money from a young age.

As far as inheritance goes, The lot is mine - all my dads assets and money, My father did his will years ago, I get everything on the condition that should he die before my stepmother (who more or less brought me up from the age of 3 anyway) that she carries on living in the house comfortably until her death - and I help out financially. - then its all mine. All the personal and business bank accounts will be under my control.

I'm disgusted with people who refuse to leave everything to their children, unless they are murderers, armed robbers or rapists etc... obviously.

wanderlust wrote:My Grandad died and left his money to his bird - my stepgrandmother. She promised him she'd share it out. She left everything to the RSPB. We had to bid in an auction to get some of my grandad's stuff to remember him by. She was a bitch.

Hitman?

Reebok_Rebel wrote:

wanderlust wrote:My Grandad died and left his money to his bird - my stepgrandmother. She promised him she'd share it out. She left everything to the RSPB. We had to bid in an auction to get some of my grandad's stuff to remember him by. She was a bitch.

Hitman?

She's a dead bitch already.

RR- regarding leaving the house to you but your stepmoteher gets to live in it as long as she needs to/wants to. Be careful of something called gifts with reservation - for inheritance tax. Make sure thst its carefully wordd so that its tax free.
There are catches in situations like this

Reebok_Rebel wrote:

I'm disgusted with people who refuse to leave everything to their children, unless they are murderers, armed robbers or rapists etc... obviously.

Utter bullshit. If I was your Dad I'd leave my cash to a charity or someone more needy. You've made it clear a million times on here you're some sort of business whizz so you don't need your father's cash.

Surely a charity or project would benefit more, and your father would feel proud that his life's work amounted to more than paying for your dirty habits.

I'll be spending every penny before I go, my kids won't see a penny. They should earn their own cash.

In my family it's usual to divvy up the estate between kids and grandkids (apart from the aforementioned bitch) I have a brother and a sister so when my mum died it was left in 4 parts - 1 each for me and my bro and sis and the other quarter divvied between our kids. Now we all own shares in my mum's house as we decided to keep it on as a reminder of where we come from and for family parties or if anyone needs a place. Currently my bro and his missus are staying there.

My mam left me her house, it's set me up for life. If I ever have any little bolton Haters I'll leave them everything I own.

Bolton Hater wrote:My mam left me her house, it's set me up for life. If I ever have any little bolton Haters I'll leave them everything I own.

With all that shagging you're doing and nowt to date, I'd check if you're shooting blanks before you plan the BH dynasty otherwise there'll be no little BHs to squabble over your Playstation.