Generation skipping with inheritance is actually a good idea.
If you hope to live till 80, what good does your money do for your 58 year old child? Very little, they are nearing retirement themselves.
It’s numbers in a bank account. But for your 30 year old grandchild it can be a huge boost that lets them start a business or something life changing.
Along with her brother’s family, we asked my wife’s parents to skip us and allow the grandkids to inherit. That money will do more for them early in their life.
You and your family are good and wise. But from the way many adult children fight and have fallings out over parents' estates, I think you overestimate how many people actually have retirement plans.
If you make rational conversation impossible then it's no surprise people just say whatever they need to avoid the bs. Back in college I'd tell the professor the sky is green if thats what got me the passing grade. Doesn't mean I actually believe the sky is green.
Does the retard realize the dad can pretend and just secretely vote Trump?
And go on to educate the kids maga style and pass his wealth to them, skipping over sonny boy.
Generation skipping with inheritance is actually a good idea.
If you hope to live till 80, what good does your money do for your 58 year old child? Very little, they are nearing retirement themselves. It’s numbers in a bank account. But for your 30 year old grandchild it can be a huge boost that lets them start a business or something life changing.
Along with her brother’s family, we asked my wife’s parents to skip us and allow the grandkids to inherit. That money will do more for them early in their life.
You and your family are good and wise. But from the way many adult children fight and have fallings out over parents' estates, I think you overestimate how many people actually have retirement plans.
For stuff like that, put it in a trust where there are conditions to be met, or the fund tends to be squandered.
How much is Soy Dad really going to make of himself by 58? He's counting on that inheritance
Way to lead by example, pede.
Thats what I would do. Toss the money into savings accounts for the kids until they are old enough.
No - do a trust fund if you can afford it.
The conditions you set (there could be many) can insure that the money doesn't get squandered by the intended recipient.
Can't do that with a savings account.
Yeah that’s what I meant.
Sonny soy
If you make rational conversation impossible then it's no surprise people just say whatever they need to avoid the bs. Back in college I'd tell the professor the sky is green if thats what got me the passing grade. Doesn't mean I actually believe the sky is green.
Plot twist: the dad is a Biden supporter but he can't stand the little soyboy.