"Expecting inheritance"?

I knew of a family who had counted already what inheritance they would receive on death of parents. When parents told them they where selling their house and buying a place half the size as there was only the two of them left.And that they where going to travel the world on the proceeds of selling their house. One daughter thought this was great and the other two told them they were selfish and tried to talk them out of it.I am glad to say they sold the house and had a great time going around the world on the inheritance money sorry their money.
 
I deleted previous post because I suspected maybe it was maybe more emotive than i though .At the weekend i was involved in a discussion with people who expected x when their parents died and having grown up with parents who defo did not hold with that idea I played a bit of devils advocate, which was fun. The term that came to me is "gold digger" of the worst kind. It's one thing to ask for a loan for a deposit or have your dad pay for a wedding breakfast even but this i thought was a bit overboard.
 
dodo said:
I knew of a family who had counted already what inheritance they would receive on death of parents. When parents told them they where selling their house and buying a place half the size as there was only the two of them left.And that they where going to travel the world on the proceeds of selling their house. One daughter thought this was great and the other two told them they were selfish and tried to talk them out of it.I am glad to say they sold the house and had a great time going around the world on the inheritance money sorry their money.
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Time to write them out of the will methinks.
 
nelly said:
It's one thing to ask for a loan for a deposit or have your dad pay for a wedding breakfast even ...
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Yes, and quite a presumptuous and self serving thing in my opinion. Adult children really should learn to stand on their own two feet and stop depending on their parents at some point, preferably in the first few decades of their lives.
 
but often acceptable to the parents who want their mates at their daughters weddings or want their kids on the property ladder instead of renting...
they do have a choice on these, i think.
 
As a parent I think you need to give your kids 2 main things in life, 1st,all your love, 2nd a good Education
 
i agree, i would also agree that children should not be lead to expect stuff in life - the sooner they learn that life is not fair just 'cause you want something does not mean you can have it.
But to have your folks live on a pension (however good it is) and falling out with them when they want to release some of their own money from a house or savings to enjoy the rest of their lives is it far and away unacceptable.
 
They also expect since you are retired loads of time on your hands, you can now look after your grandkids while we go out to work,
 
I certainly don't think life is fair as in everyone gets the same breaks from start to finish - bit early in the morning to get into that one though.
 
nelly said:
It's one thing to ask for a loan for a deposit or have your dad pay for a wedding breakfast even but this i thought was a bit overboard.
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I've borrowed money from my parents before, but it was always over a short term, and I was paying interest. It may not have been at full commercial rates, but it wasn't a freebie with no repayment horizon.

It's their money to enjoy life. They worked for it, let them enjoy the benefits. Parents shouldn't consider themselves under an obligation to provide for the comfort of their adult children. Anything you inherit from your parents is a benefit, not a right. As for children throwing a wobbly when the parents decide to spend their own money on enjoying life - time to rewrite the will and let the charities benefit rather than the greedy offspring.
 
If i reach retirement and Ive a lot of equity in a house I'll be cashing in and travelling the world. If theres anything left I might leave funeral costs for the childer!
The cheek of those children to be expecting handouts. You raise your children with blood sweat and tears. Keep a roof over their heads, feed them, provide them with an education and then they expect you to sit quietly by and die off peacefully leaving them a bigger share of a will. Id be omitting them form my will but unfortunately 'the prodigal son' syndrome comes into affect with family!
 
Just to play devil's advocate here,I find it incredible that some people expect to inherit parents' assets & & then resent their parents who spend "their " inheritance.
However reading some of the earlier posts,I just want to point out that we don't owe our parents everything & that we shouldn't be eternally grateful in the sense that our parents brought us into this world & have a responsibility to us as well to feed, shelter us etc.
Slightly off th epoint,but there was a great movie called "Guess Who's Coming to Dinner" in which Sidney Poitier argues with his parents about this very issue.
 
How sharper than a serpent’s tooth it is to have a thankless child! All those “expecting” inheritances – off with you and read King Lear.
 
Ah Berlin,
Who said they would not thank you once you have have handed it all over?;)
 
Bill Gates is worth over 40 Billion, and has stated that he will give each of his kids 5 Million Dollars each. Bill Has given over 20 Billion so far and most of the rest of his fortune will go to charity's while he is alive.
 
Kids should make their own way in the world, i know many americans leave their assets to charities universities etc, unless the child is unable to work for some reason or something similar i think dont put off spending your assets just to leave it to them.
 
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