June 18, 2012
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Inheriting Money from Your Parents
I was just reading an article about dads who are rich but will not pass on those riches to their children. Here is the link: Link
It is funny because I live in an area where there are an inordinate number of kids who were raised by rich parents. One of them was talking recently (he is in his 30′s) and he mentioned how he will inherit his parent’s money when they die.
It is as if some of these young people have their parent’s money spent before they die.
My parents had nothing so I have no expectation of money from them.
Do you expect to inherit money when your parents die?
Comments (89)
I hope not. If I do, then it means, my parents aren’t making the most of their final years.
Exactly what @Celestial_Teapot said. I hope my parents spend their hard-earned money enjoying their lives. They deserve that more than I deserve their money.
My parents have money but they told me when I use to party that unless I quit they would not leave me any. I quit partying but not because of the money. I quit because I want a better life.
I don’t expect any money, If I get some I will not complain but may consider donating some of it.
My parents inherited their parents money. I’m legally entitled to a lot of money once my parents die. That’s how some people “just have money in the family”. It’s just Old Money. It’s not a big deal.
I don’t particularly feel entitled to anything. As long as I have enough to live a comfortable life then that is enough.
If I do get anything from my parents, it won’t be a whole lot. My parents have enough money to live on comfortably but are by no means rich. It’s definitely not part of my financial plans. After all, I’m hardly in any hurry to see them go.
I would bet the money they have is spent on their healthcare their final years.
Not at all.
I want my parents to spend every penny of money they have made on themselves.
@TheMushyPear - @Celestial_Teapot - Fags
I hope I getta buncha cash.
I don’t need anything from them.
I dream of a world where there is no such a thing as inheritance. This society is based on it. It is so unfair. I know i will dream forever..
My mom’s a waitress and my dad doesn’t work. I doubt I’d ever get anything.
@locomotiv - I think that’s the idea behind inheritance tax.
@Celestial_Teapot - Thanks , i’ll be back after Columbo..
Nope. My parents don’t have any valuable assets. Even if they did, I have 4 siblings. I’m pretty sure they would leave it all to my older brother and/or sister.
as an only child i will inherit everything. i know how much my parents have b/c they have told me (more than i could ever hope for) but i told them to spend every dime and to have lots of fun when they retire. i dont expect any however knowing how my parents are i will recieve a hefty sum. i honestly would rather have my parents than any of their money
Just life insurance from my dad, and things from my mom. My dad is pretty poor, and my mom spends all her money, it seems like.
i am planning to become more successful than them, plus when it gets near that time i am hoping to be the one spending my money on them instead
not much but there’s some assets that will be left for us, we’re four siblings so not a lot
The only thing I can really count on getting are things. There’s old family land that we have, and my mother could never part with some of her jewelry.
Once all the debts are paid there won’t be anything left. In fact, there will be less than nothing.
When my dad died, my three siblings and I inherited land in Poland, but I have no idea what to do with it. When my mom dies, I doubt there will be much to inherit.
my dad is jewish and makes the majority of my parents’ money, so yeah. its all in the bank and their life insurance is astounding. my mom joked once, “you probably want to push us down the stairs!” maybe i’ll use it to retire, but I can’t imagine how heartbroken i will be when they are dead as it is. no amount of money will fix it.
I’m taking care and paying my mom’s rent instead, so I retired my mom early because she worked hard most of her life to raise me as a single mom. some people nowadays are spoiled scrubs. send them to bootcamp and beat their ass me sayz.
My dad’s been setting aside money specifically for us kids for a long time, but I don’t know how much there is, and I don’t care. I don’t want him to ever die. And you can bet we would insist any and all resources would be exhausted if he should ever become sick.
@P0RCELA1N_D0LL - Wow, that’s really cool. Seriously.
no money from my parents either — we’re on our own
@Celestial_Teapot - it’s still unfair. i have nothing to back me up but my guts feelings…
I don’t want to inherit any money from my parents. I hate the idea of knowing one day they’ll pass on and having their money only makes the idea more real.
@locomotiv - The founding fathers would agree with you:
http://www.economist.com/blogs/lexington/2010/10/estate_tax_and_founding_fathers?page=1
@Celestial_Teapot - we’ll do . ty
I know my mom would love to be able to have some sort of inheritance for me, as a way of still being able to take care of me even when she is not there to do so anymore, and the day she dies I would like her to know that I will be taken care of in some way as well so she can rest peacefully. The sad part is that she is a single mother who has devoted her life to her children, and has done wonderful works being a mom, but we have always struggled as far as money goes. She has never been in the negative but due to how my dad left us homeless and my mom is what you call an unskilled worker It just has been rough some times.
wow life story rant…
It would make me uncomfortable if someone else had my parents’ money.
My parents have no money. I would rather have my parents than their money..
I’ve never thought about it. Too morbid.
Ya. But nothing major.
Happy Father’s Dan!!
nope.
I’d love to start from 0.
Good question.
I think my parents will spend their money, I think the biggest problem will be the house, I don’t think I be able to managed running the home I live in (I still live with my parents) got a slight learning difficultly/disability – this will be split with my sister. she lives with her boyfriend in another city.
As for my Nan and Granddad are spending money carefully and have said to the whole family their be no more left, the money from the house will go to their son as he not live in the city we lived in since he been to uni and now married.
I have always said I would like my parents to live forever.
I don’t want to inherit mney from my parents cuz that means they are either dead or too sick to take care of themselves.
I discovered my parents’ will when I was 12. They kept it in my room in a drawer that I’ve never used or opened…yeah I don’t know why. Discovered that my brothers and I get their money divided between us three. Fun times.
I would probably inherit a huge sum of debts from my mom if anything happens.
I don’t feel entitled to it, but I know I’ll get it. I’m an only child and my parents are very sensible spenders, so they have a lot of money in high interest saving accounts. If one of my parents dies, the other gets everything, and if they both die, everything goes to me. But hopefully that doesn’t happen until I’m married with kids, and the money can go towards their upbringing and education.
I inherited great memories, good morals and my fathers Beretta. Sadly I sold the Beretta to my brother to help buy a car when I was in a pinch. Under the condition that if he ever wanted to sell it he would offer it to me first. The memories and morals were a better thing to inherit, they can’t be sold and are worth far more than material goods.
I expect to inherit debt.
I don’t expect to inherit money since, I think, it’s a matter of human equality.
I don’t feel like I am entitled to receive it. My parents strongly believe in passing down an inheritance. And a house with no mortgage, and no debts.
Who wants to be my sugar mama?
I don’t think I’ll be getting anything from Dad except maybe whatever junker he’s driving and possibly bills…more likely bills. He just needs to hurry up and win the lotto
Probably not, but I’d hope so to be honest. My mom always made a decent amount of money and kept the checks she got from my dad dying to herself for her jerk of a boyfriend (instead of, you know, putting some into a college fund or something). But if I didn’t it wouldn’t surprise me. I’ve never gotten any help before.
No. If my parents had money to be inherited, I would like to have but I do not expect it.
mY DAD IS PARTNERS IN 3 COMPANYS AND SO ME AND MY 3 BROTHERS GET TO SPLIT IT,BUT MY MONEY IS GOING TO BE IN SAVINGS SO I CAN GO TO AFRICA ON MISSION TRIPS..
but i dont look forward to losing my parents in anyway shape or form…): i’d have money but money doesnt bring you happiness and i’d prolly go mad.
No, my parents dont exactly have any money…
Grandparents? Possibly, but I dont expect anything.
It’s weird. My parents have done so much with so little to help me and my siblings out. Theyr’e still worried about how much they’ll be able to leave us. I have to keep telling my mom to quit worrying about it. I don’t want money. Nothing will bring them back. I want them to have fun and as along as there’s a few trinkets around to keep as heirlooms and memories, I’ll be happy. I’d rather them go out and do something absolutely absurd and have fun!
I came from a working class family – no inheritance. I have memories, which are priceless.
I hope my mom leaves me *something* so I can pay for her funeral!
yes, probably because it isn’t my choice it’s there’s. I’m not saying I’m not going to work hard or anything, but the concept of a “self-made” man is an illusion. We are where we are today because of the people who influenced us, the teachers who taught us, a society that allows us to prosper w/o social class limitations. I think Americans tend to forget that.
My parents have 5 kids and 3 grandchildren. Neither works so if we are left anything it won’t be much individually. Hopefully when that dreaded day comes for me to say bye to my parents I will be secure enough that whatever I do get can help my own children.
If my parents were rich the only reason i would let them give me money is so I could help other people. I have no interest in being rich, and I’m glad i did not grow up rich. I learned how to live without a lot of money. That can really come in handy.
My parents worked very hard for everything they’ve gotten in life (as did their parents). My grandparents all basically went from poor to middle/upper-middle class, and my parents worked their way from lower-middle-class to upper-middle class. I think my brother and I are both mentioned in our parents’ will, and I’m certain our parents are mentioned in their parents’ wills. All of that being said, I still don’t “expect” anything. They have done a wonderful job of providing for me already, and I would much rather they enjoy the money they’ve worked hard for instead of squirreling it all away so they can give something to my brother and I when they pass.
Yes; after I knock off my sisters.
Probably the house, but it’s because she has mentioned it before.
I prefer paying my own way.
My dad hardly talks to me and my mom owes me money so no…probably not. When I get rich, I won’t have much money hanging around for my children to inherit. I’m gonna spend that money…likely on their educational needs.
I already have my inheritance, and while it’s more than I can ever spend in this lifetime, I would trade it all just to have my Dad back with me.
my dad never raised me and even if he did have money, i know i wouldn’t get it. i’m my mom’s only child and i’m getting everything.
My parents have told me before that I’ll inherit money from them when they pass away and they will split our house between my sister and I. I have no idea how much money my parents have and I’ve never really cared. I do think they definitely have a lot more than they’ve ever let on, but they should definitely spend it on themselves. Well, they are in Vegas right now so I guess they are spending it on themselves haha.
I don’t expect to inherit anything because all the money will be use for caregiving I’m sure. and medical bills.
we aren’t depending on it but if the money comes we will enjoy it when his mother dies.
my grandmother is fairly wealthy, and i expect something that i’ll use to pay off my student loans. i’m my mother’s only child, so i expect to inherit all of her stuff and the condo she lives in.
My parents never gave me money while they were alive (in fact, they’ve been borrowing money from me since I was 7). Fat chance they’ll all of a sudden start giving me money once they’re dead.
yes I know for a fact that I will. My parents received an inheritance from their parents, and I will receive one also to share with my siblings.
No…they gave me all I needed while they were alive in all forms possible.
I don’t expect the money so much, but I think what’s left should be given to me (only child.)
I can’t stand the thought that if I can’t pay 40% of three million quid, (and lets face it, I’m unlikely to be a millionaire) then the house and the mortgage and everything just goes to the government. And that’s my house. I lived in it and well … that feels wrong somehow.
pretty cool.
yeah I will get money from my parent’s life insurance policies. I don’t remember how.much and it’s not something I think about. But my older sister asked my dad “will I get money when you die?” she’s a total bitch.
What bothers me is that so many people expect to inherit money from the taxpayers. We’ve had a flux of homeless people in our area begging for money. When they interviewed this guy he said,”If you dont give me your money. One way or another I WILL get it.” Referencing the fact that our tax dollars will eventually flow to him by means of a check through government social programs. I’m thinking, dude, just get a JOB like the rest of us peons.
Anyway, I dont expect to get money from my parents, maybe I will, but by then inflation, the economy, and all these social programs with be crippling me. It probably wont matter.
@Celestial_Teapot - Indeed. Which of course the robber baron language machine has renamed the Death Tax.
I stand to inherit the entire Kaz Vaporizer fortune. Just counting the days, baby.
I will not inherit money when my parent dies.
However, in these days and times, with an over-taxing government and less and less social benefits, it would be better if a child learns how to survive (as in create a stable income) rather than have it handed to him on a platter. This is just an important fact of life in western countries. Rather than lose the money to a government (through taxes) who will pass it on to their rich connections anyway, a son or daughter who didn’t prepare himself for life well could receive a monthly after the parents die, OR for an offspring who was competent in handling money could receive the lump sum after the parents die. This person could grow the money and then pass it on to the next generation. Just ‘receiving money’ could be a curse as well as a benefit.
I would “inherit” or rather gain custody of, my disabled brother. Maybe my mom’s truck and house. That’s about it. On my dad’s side apparently I’m going to be inheriting his karaoke business.
Nope! My sisters and I may share the house and whatever income we can get out of it, but that’s a big maybe and I don’t care whether or not it happens. I’ve never expected anything from my parents.
I expect half of my dad’s entity.
I got $2000 from my dad. From my grandfather, I got $5000. From my mom, I got zero.
It’s quite the opposite for me. I actually see myself giving them money and helping them out in their older years. It’s just how I was brought up. My parents immigrated to the US and they are supporting their parents. And now I am expecting to become more successful in finances than them, so I’ll be setting aside some of my paycheck for them.
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