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jer_james 01-12-2018 08:27 AM

Inheritance
 
I have come to the realization that maybe my kids dont need to be left anything other than where I'm living at the time of my demise. Probably a couple vehicles as well.

Why not spend what I have worked for and made? Use the money to help my kids while I'm here and aid them in working towards a goal / dream.

I have no idea what my Mom and Dad will leave me money wise, but I really dont care either. I'd rather use that money that they think they may leave to create memories with them.

Throwin' Darts 01-12-2018 08:28 AM

I hope to spend my last dollar the day I die.

chunkinlead 01-12-2018 08:29 AM

I hope to leave mine a big spread of land that they may live on if they choose.

ken 01-12-2018 08:29 AM

Quote:

Originally Posted by Throwin' Darts (Post 13095937)
I hope to spend my last dollar the day I die.

And write a hot check for the funeral :)

Puggy625 01-12-2018 08:30 AM

Quote:

Originally Posted by Throwin' Darts (Post 13095937)
I hope to spend my last dollar the day I die.

That's me, and I'm making my own funeral arrangements. Going out like a pimp. Lol

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Throwin' Darts 01-12-2018 08:32 AM

Quote:

Originally Posted by ken (Post 13095943)
And write a hot check for the funeral :)

I told my fiance to throw me in a campfire and then spin my ashes out of the corn feeder at my favorite blind.

AgHntr10 01-12-2018 08:32 AM

I've told my parents and my wife tells hers the same. Spend as much as you can and if you want to leave anything give it to the grandkids for education. I plan to do the same with mine.

jer_james 01-12-2018 08:32 AM

Quote:

Originally Posted by chunkinlead (Post 13095942)
I hope to leave mine a big spread of land that they may live on if they choose.

My Brothers (3 of us) and my Dad/Mom are talking about buying a lake house / property for all of us to share. We are very close and want a place to congregate together, and make sure that the Cousins are close and Aunts and Uncles all have a good relationship growing up.

TXHUNT3R 01-12-2018 08:32 AM

Should you go in your sleep at an old age of natural causes, yes, I agree.

On the other hand, life insurance is a must in the case of sudden death.

deerwatcher51 01-12-2018 08:33 AM

I told my kids I owed them an education and what they did with that was up to them. That being said I do help them out when they are in a bind and I am putting aside money for my grandchildren's education. I have told them if there is anything left at the end they are welcome to it but I have worked for over 40 years and we are going to enjoy some of what we have accumulated.

doublearrow 01-12-2018 08:36 AM

Won't bother me a bit if my parents spend every dime before they pass. It's theirs, they earned it, they raised us they should enjoy their spoils.

Tubby 01-12-2018 08:36 AM

Quote:

Originally Posted by jer_james (Post 13095933)
I have come to the realization that maybe my kids dont need to be left anything other than where I'm living at the time of my demise. Probably a couple vehicles as well.

Why not spend what I have worked for and made? Use the money to help my kids while I'm here and aid them in working towards a goal / dream.

I have no idea what my Mom and Dad will leave me money wise, but I really dont care either. I'd rather use that money that they think they may leave to create memories with them.

I agree with you but that is their choice to make, not yours.

bphillips 01-12-2018 08:38 AM

I’d rather be able to leave my kids millions. Doubt it will happen but I think if I ever had that much I could live a pretty awesome life without wasting it all on myself

MLank 01-12-2018 08:42 AM

Quote:

Originally Posted by bphillips (Post 13095986)
Iíd rather be able to leave my kids millions. Doubt it will happen but I think if I ever had that much I could live a pretty awesome life without wasting it all on myself

Definitely don't want to waste it all. But I do plan on using as much as possible to live life to the fullest.

IowaHunter 01-12-2018 08:43 AM

I told my folks to spend it all like crazy before they pass.

Junkers88 01-12-2018 08:45 AM

I've got a life insurance policy that goes to my wife/daughter. If I live long enough to die of old age I plan on my last check bouncing. I've set my daughter up with college (GI Bill/savings accounts/college fund) and as an AFR recruiter I'm hoping to swing her towards the military for some added life-long benefits.

Speaking of going out in debt. When my grandfather passed away years ago he and grandmother had been saving $$ like it was.... well.... $$ I guess. Anyway when he kicked off gram had a lot of loot stored up and when she asked me what she should do with it my response was "Spend it! Go have some fun and live a little." After she died we were getting her financial affairs all in order and received a rather humorous shock. Gram had paid for all of her own funeral arrangements so we'd not have to worry about that. The shock was that she hit the dirt $400,000 in debt! She'd spent every last dime they saved over years and years and then took out a reverse mortgage on the lake house and spent that too. :) Sure hurt to lose that house on Lake Placid since we'd been there since the spring of 72 but man did she have a blast in her last few years.


God bless and happy hunting.
Richard.

41Chevy 01-12-2018 08:53 AM

http://i15.photobucket.com/albums/a3...psxjye8lq2.jpg

LeonCountyRook 01-12-2018 08:55 AM

Same way I feel. They earned it, they deserve to enjoy it. I'll earn my own way...

TXHUNT3R 01-12-2018 08:55 AM

Quote:

Originally Posted by 41Chevy (Post 13096037)

;)b Love it!!!

BitBackShot 01-12-2018 08:59 AM

I look at it kind of differently.

My family isn't originally from Texas. I didn't move here until I was 9. I've always envied my friends that have land and property all over the place here, so I want to plant that seed for my family and leave them a bunch of it. Spend enough time out there that they want to keep it when I bite the bullet.

BitBackShot 01-12-2018 09:02 AM

I'd also point out that I've made my parents a truckload of money, so they sure as h-e-doublehockeysticks better have a little left as a tip out.

175gr7.62 01-12-2018 09:23 AM

I'm planning on my last check bouncing also. I didn't help my parents earn any thing they have so I don't have any claims to it. My kids aren't going to work for me every day so as far as I'm concerned they have no claims to anything I've made either.

Eagle19 01-12-2018 09:32 AM

My goal is to leave my kids a business. They can make their own money or just sell it.


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BrianL 01-12-2018 09:45 AM

I've been broke, and I dang sure don't plan on checking out of here broke. Mine will have a good amount of stuff because I plan on having it as long as Im here. I hope I can leave millions in cash, thermal scopes, safe room of suppressors and awsome guns, enough tools to fix most anything, land to hunt.....I LOVE MY TOYS

Steady_Hand 01-12-2018 10:14 AM

I want to leave here knowing that my family/name will be far better off. Hopefully I can teach my daughter(and maybe a future kid) to have a mindset that is alike, be successful, and the generations thereafter will continue to add/build to the inheritance.

Backwoods101 01-12-2018 10:23 AM

Quote:

Originally Posted by doublearrow (Post 13095973)
Won't bother me a bit if my parents spend every dime before they pass. It's theirs, they earned it, they raised us they should enjoy their spoils.

;)b

Backwoods101 01-12-2018 10:32 AM

Buddy of mine and me were just talking about this yesterday. I think land is the best way to go and like BitBackShot said spend enough time on it with them so they will appreciate it and wont sell it. I was fortunate enough to inherit some land that has been passed down for 3 generations. Grew up hunting on it and still remember my last walk along the creek with my grandpa. I wouldn't accept 10 million for it. It's not for sale.

be12hunt 01-12-2018 10:36 AM

My dad tells me all the time he hopes all of his kids have an inheritance. I reply to him that his goal should be to die spending all his money enjoying life with us and his grandkids. That being said I understand his desire to leave some behind to help his family.

My thoughts are that my parents gave us the perfect opportunity and support to be successful. My sister and I have good careers that set us up for a comfortable living. Our parents have done more than enough without leaving anything behind.

gingib 01-12-2018 10:42 AM

Quote:

Originally Posted by Steady_Hand (Post 13096309)
I want to leave here knowing that my family/name will be far better off. Hopefully I can teach my daughter(and maybe a future kid) to have a mindset that is alike, be successful, and the generations thereafter will continue to add/build to the inheritance.

YES!

I feel the same but will also spend it how I want. But naturally I am a Dave Ramsey saver so I will naturally have money and inheritance to pass one.

It is their money....but alot of these people who say they won't leave anything are the same ones who weren't ever left anything, and are in debt now

popup_menace 01-12-2018 10:58 AM

I would like to leave my kids a place to hunt in the hill country.... ok that’s not exactly true. I would like a place to hunt in the hill country and my kids will inherit that when I die.

HogHunter34 01-12-2018 11:01 AM

I’d prefer to leave my kids something. Hopefully it will teach them to appreciate the hand out & desire to be responsible enough to help their children. The way I see it, it won’t get any easier generation to the next so if I can help my kids out some then I’m all for it.

jer_james 01-12-2018 11:02 AM

Quote:

Originally Posted by gingib (Post 13096407)
YES!

I feel the same but will also spend it how I want. But naturally I am a Dave Ramsey saver so I will naturally have money and inheritance to pass one.

It is their money....but alot of these people who say they won't leave anything are the same ones who weren't ever left anything, and are in debt now

My Grandfather passed away a little over a year ago - Very modest factory worker. My Grandma is still alive, but they lived in a house they owned, and had a car that was paid for. No real debt to speak of. We had vacations every year together, and they would spend months at a time in the winter at Mom's house.

Not a lot of anything to dole out to my Mom or Uncle, but it just didnt matter. Both my Mom and Uncle are great people and we all live well. Not multi millionaires by any stretch, but not one Cousin really struggles for much, and me and my Brothers have enough of what we want, that we dont need anything.

I think those vacations every year growing up / couple events that we attended together as a Family meant way more than any savings that would have happened without taking them.

myway 01-12-2018 11:02 AM

Quote:

Originally Posted by gingib (Post 13096407)
yes!

I feel the same but will also spend it how i want. But naturally i am a dave ramsey saver so i will naturally have money and inheritance to pass one.

It is their money....but alot of these people who say they won't leave anything are the same ones who weren't ever left anything, and are in debt now

naturally

dustoffer 01-12-2018 11:03 AM

Our primary source of income is my military retirement and VA checks which will cease when I pass. Thus my wife would be left with social security and a small military survivor benefit as income. So, I have been prudent in saving/investing/accumulating to provide for her without any impact on our lifestyle. The lesson here is start early and do a bit each paycheck and it will add up. And, term life is a good way to cover gaps when you are young. Get a good financial planner and listen and heed their advice.

Of course, if my wife dies before I do, well then if I'm still spry enough to own a ranch, I'll have one. If I'm not, then my kids will get a handful when I pass on.

duckmanep 01-12-2018 11:06 AM

Quote:

Originally Posted by BrianL (Post 13096216)
I've been broke, and I dang sure don't plan on checking out of here broke. Mine will have a good amount of stuff because I plan on having it as long as Im here. I hope I can leave millions in cash, thermal scopes, safe room of suppressors and awsome guns, enough tools to fix most anything, land to hunt.....I LOVE MY TOYS

I like your style.... in the market for a new son around 34 years old and a grandson that is 4? :D

hammer63 01-12-2018 11:11 AM

My hope is that I/we can leave a little something for the kids/grandkids, plus give a little each year until we pass. To do that, we'll retire when we can live off of our investments' income...hopefully in the next 3-4 years.

Rick 01-12-2018 11:35 AM

I don't feel the need to leave a lot for the kids, but I don't want to die broke either. Unless someone can tell me the secret formula to know exactly when I will die and what expenses I will have up to that point. Then I can plan to die at breakeven.

KNEE DEEP 01-12-2018 11:39 AM

Always tell my kids when I die the 1st check they write is gonna bounce. I'm trying to leave them something but my hunting and fishing addiction is cutting into their money.

boy wonder 01-12-2018 11:39 AM

For all that say "spend it all before I die" how are you gonna know when you will die??

DSMCasey 01-12-2018 11:52 AM

Hope to leave some land to my kids. I am an only child and my parents plan to leave me their paid off home and other items. But I told them I hope they live life to the fullest and if I donít get anything when they die I am fine. I am an able bodied person and make my own means happen.


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rtp 01-12-2018 11:54 AM

Quote:

Originally Posted by TXHUNT3R (Post 13095961)
Should you go in your sleep at an old age of natural causes, yes, I agree.

On the other hand, life insurance is a must in the case of sudden death.

Why is life insurance a must?

myway 01-12-2018 12:01 PM

Quote:

Originally Posted by rtp (Post 13096660)
Why is life insurance a must?

You would assume he means in the event of sudden death that his family is squared away.. no?

kingranch 01-12-2018 12:01 PM

Quote:

Originally Posted by chunkinlead (Post 13095942)
I hope to leave mine a big spread of land that they may live on if they choose.

thats what u think

it always ends up in a family feud bc one wants to sell or doesnt approve of others use etc..

rtp 01-12-2018 12:02 PM

I have told both of my sons to go make their way in life and not plan on getting anything from us. If there happens to be something left when my wife and I die they will get it. Of course, the longivity gene is strong on both my wife and my side. One of us should make it into our 90s which would put our kids in their 60s maybe even 70. Our money wont do them much good at that point as far as improving their lifestyle.

Like others have mentioned, it is more important for us to help them out here and there to achieve some things in life and to create memories together. I took both of my sons to a World Series game.....things like that are very important to my wife and I. Why wait until we are dead for them to enjoy our money?

rtp 01-12-2018 12:03 PM

Quote:

Originally Posted by myway (Post 13096680)
You would assume he means in the event of sudden death that his family is squared away.. no?

Im not sure but it is kind of a blanket statement that is why I was asking.

HC Sniper 01-12-2018 12:16 PM

My kids will get the house as their inheritance. After they sell it they can split the money. If there is anything left from the rest of what we have saved, they can have that too but I am not purposely saving it for them. We will help them if they ever need it along the way but not going to save money for them.

BrianL 01-12-2018 12:23 PM

Quote:

Originally Posted by kingranch (Post 13096682)
thats what u think

it always ends up in a family feud bc one wants to sell or doesnt approve of others use etc..

Guess that is one advantage to having one child. He won't have anyone to agrue with. Like others said, most "kids" won't inheriate till they are in their 50s or later. It will help with their retirement.

TreyRo 01-12-2018 12:27 PM

My dad always talks about leaving us something and we tell him to live it up. He doesn't listen though as he's been a penny pincher since long before I was born.

Whatever makes him happy I guess.

Radar 01-12-2018 12:54 PM

Seems like most of the time when land or possessions is involved with an estate, the family falls apart and never talk again. It happened to my motherís side of the family and they were tight before my grandmotherís death. I never would have thought it, but only two of the seven siblings talk now. They are all close to 80 or older now and the fued started over a 50.00 garden tiller.

I have see it happen over and over in other families as well. Maybe a guy ought to just die broke with nothing. I donít know.

jmeghunts 01-12-2018 01:10 PM

Quote:

Originally Posted by Radar (Post 13096824)
Seems like most of the time when land or possessions is involved with an estate, the family falls apart and never talk again. It happened to my motherís side of the family and they were tight before my grandmotherís death. I never would have thought it, but only two of the seven siblings talk now. They are all close to 80 or older now and the fued started over a 50.00 garden tiller.

I have see it happen over and over in other families as well. Maybe a guy ought to just die broke with nothing. I donít know.

So so true. I saw some of this out of my wife's family and now I think it's better to not leave anything at all. Then I read Proverbs 13:22 and I'm a little conflicted.


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