Spending the kids inheritance

we are both retired and since retiring we have visited Canada twice America three times plus many holidays in england, and will be going on as many more as we can. The family are all doing well and i dont think they will begrudge us a little freedom.

I would love to take a well earned trip of a lifetime but at the same time I would feel guilty if I did'nt leave anything for my family

cheers

wavediva

we do not intend to leave much to our 3 wonderful children whom we love dearly ,We own a large property but  are going to downsize and spend profits on enjoying ourselves travelling  and buying a few nice motorbikes or small boat ,we are at present living in Cyprus we relocated taking our Harley with us !we are not recieving any pensions as both only 59  just living off income from our UK house rental and our savings ,but its worth spending a little now we can recoup what we have spent later from house sale . there is no guarantee that any of us will  reach pensionable age lots die in harness there are no pockets in shrouds  .Both sets of our parents never left us a penny they didnt have anything to leave but we dont love them any less for it they gave us what they could we never went without .We started married life 39 years without a penny not even the bus fare to work the next day .we have earned every penny no one ever gave us anything  .Work or want was my dads motto !if theres anything left when we go thats a bonus for our children and granchildren

As an adult "child" of fairly wealthy parents I can honestly say that the reason my parents gift pre-inheritance money to my family is because we work hard and we don't take advantage of them.  I am 41 years old and have been a professional photographer for about 10 years able to bring in supplemental income to help cover the cost of gas, groceries, etc.   My husband has been at the same job for 14 years.  I am currently a full time student at a local community college advancing myself by seeking a degree in education.  I plan to teach and I'm proud of that accomplishment.  I think it's important to state that you cannot give your children everything they want.  They must sacrifice and learn from life's experiences - the hard way.  I have a 19 year old daugher and an 8 year old son.  My daughter is also a college student but does not live in the same state as me.  She has chosen her path to be independent and although her education and mine is being funded by my parents (her grandparents), there are expectations to be met and there are consequences when those expectations are not met.  I'm on the dean's list and my daughter is not but she tries to keep a C or higher average.  My parents are in a position that most people are not in.  I feel that if you cannot or feel you don't want to leave anything to your children, that is your given right.  If you want to enjoy what you've worked hard for in your life you should.  Children must learn from the beginning that life is hard and whether you have a lot of money or very little they must learn the value of a dollar and they must grow not just emotionally and physically, but they must also grow financially - meaning that we must teach them how to manage and how to spend their money wisely.  I'm very blessed and I know it.  I'm thankful for every luxury I have in my life and for knowing that my parents are not just "banks" that I can get withdrawals from.  Because of their generosity (not their obligation) they are one of conttribute to the life I've had in my adult years and have been able to pass on to my children.  If you have the means and resources to leave inheritance to your children, etc. you should consider pre-inheritance an option.  This way you know what your money is being used for and you can enjoy watching your family benefit from it which you cannot do from the grave.

I have worked very hard all my life and so did my husband, parents and grandparents, so it really goes against the grain to leave it all to my 3 children . Having been widowed for 6 years I am left to decide what to do and to be honest it scares me.  My eldest son, 25 left home 7 years ago and never keeps in touch - my other two, 22  have given me years of nothing but stress and grief. We did everything we could to bring them up right and to be half decent human beings, but as things have turned out it seems we went wrong somewhere. To think a lifetimes effort will be frittered away on binge drinking,drugs,junk food and cars.Being a parent has been 99% hell /1% pleasure but maybe we were just unlucky. We were brought up to save for what we wanted but these days its all must have now, and then when they get it theres no appreciation - just on to the next want. One big total let down. Here's hoping they might change at some stage but not holding out much hope. If I spent too much time dwelling on it all I would probably start crying and never ever stop. Disapointed? That would be an understatement.I just wanted to be proud of my kids but it hurts like hell to know their Dad died being as disapointed in them as I am.But I still love them and  want to help them, and I know for a fact not for one minute would I enjoy spending their inheritence.