This came up in conversation over the holidays...(yep...too much food, too much booze...and nothing else to talk about)...
Do you think you "deserve" to have your parents leave you whatever they own when they pass away? Is it their "duty" to bequeath you their belongings?...or would you be okay if they did something else with it?
What if they decide to do a reverse mortgage and spend the money they had set aside for you (as their children and heirs) would you be upset?
Mike1162Over the Rainbow, Pennsylvania USA1,694 posts
I am the trustee of my parents estate and we have agreed that each of the kids get things that have already been decided of value and the rest is to be sold and split between the children.
My father worked hard for what he has given my mother and this is their wish as much as our priveledge as the children.
Living trust here also. I keep telling mom to go spend her money, I have enough of my own but she wants me to have it all..Sick woman..But I will take her millions!!!!
I honestly think that what is theirs is theirs. But, they also believe what the Lord says about leaving your kids wealth. However small or large. But, I would be perfectly happy if what they had if anything, spent it to live their life to it's fullest. I only worry about being left to pay for any debts owed. But, I guess if I do then I do. Kat
i would be ok if i did not get any thing from my mom when she go's b/c she give me the bast thing u can ask for and thats my life but its her stuff if she wanted me to have it she would give it to me but thats what i think
Let me rephrase it as i only thought of the word after i had posted this (the word "deserve" was what was being used in the conversation)..do you think if your parents have assets it is "rightfully" yours at their passing??
Because I moved away from where my mother thought I should live, she cut me out of her will, leaving all her assets to my step-father. If and when he passed away, the remaining assets of the estate would go to my children.
Then they both went into a nursing home. I was appointed Trustee by the court and was required to keep track of all expenses, sell her house and use every penny to pay the nursing home bills and medical expenses not covered by insurance. I was paid a small amount for two years of work as the Trustee.
In November, the money ran out...
My children and I got nada....
My point is, never be sure that you "deserve" anything
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Do you think you "deserve" to have your parents leave you whatever they own when they pass away?
Is it their "duty" to bequeath you their belongings?...or would you be okay if they did something else with it?
What if they decide to do a reverse mortgage and spend the money they had set aside for you (as their children and heirs) would you be upset?