Should parents save money for their children to inherit or have a luxury life while they are alive?

Answer 1

Live the life while they are alive. Leave the estate enough money to properly take care of their final bills. The children can make their own money and their parents don't owe them anything.

Answer 2

Yes, if they teach their children the value of money, and the rewards of earning something yourself.

There are many people who are wealthy, some inherited, some earned it. That doesn't reflect the type of person they are. How they use that money however, does.

I would think that any loving parent would want to provide the best life for their child, and unfortunatley money is a big factor. As long as they use it in the right places, then their children will benefit.

It's a fine line to walk, but good parents walk it well.

Answer 3

You know, it's funny you brought this up. My wife and I have been discussing it heatedly through time.
We're in our seventies, getting by as well as anyone else but have curtailed all our spending, our lifestyle, everything like we're waiting to lay down and die.
I'm against it, I want to live but, I'm severely handicapped but, can still get around, she's healthy and baring all accidental misgivings she may live another thirty years, me on the other hand, live by the day.

She does not want to leave a single bill because she does not want the kids to "have to pay anything off" they don't legally in our State. She doesn't want to be embarrassed? she says.
I say "who gives a darn" I want to live, not abnormally wild, just to be comfortable and "live" before it's to late.

So, what do you all think?

When she was younger she had affairs, always wanted to see the greener grass while I walked the line and was honest, now she's old and thinks we should both have a christian life while I always did, she seems to have forgotten.

Answer 4

To save money for the children it has been the true dream of some parents. To spoil the children is a matter of having enough money to do so. I do not believe it should be a must for the parents to save money for their children. But I do belive if there`s any money left then it`s normal to lived it to the children.

Answer 5

ok. i'm via no capacity an authority, yet i think of i can wager numerous the justifications some APs are weary of an open adoption and it is quite unhappy that they could think of this: they're mad that the start mom gets the suitable of the two worlds - the start mom gets the relationship and love without the duty of raising the new child, feeding the new child, clothing the new child, etc. they could bypass out on a Saturday evening and not could desire to locate a babysitter, they could pop in and out of the new child's lifestyles each and every time they prefer, etc. yet, like I pronounced, those are unhappy excuses. i think of all judgements could desire to be with regard to the new child's suitable pastime and making helpful each and all the new child's desires, the two materially AND emotionally are lined and a relationship with their start mothers and fathers helps to acheive that. We could sooner or later pick adoption to start our family contributors and if we do, we are going to unquestionably basically prefer an open adoption. the new child will sooner or later look at how we acted and how we chosen to do each and every thing in our new child's suitable pastime which blanketed sharing them with their start mothers and fathers and that new child would be responsive to that their APs fairly enjoyed them and needed to parent them for each and all the splendid motives. it is approximately doing what's suitable for the new child. If we undertake, i prefer our new child to be enjoyed via as a lot of human beings as a possibility and to be responsive to they have been enjoyed via the two their first and 2nd families. that's what it would be all approximately - approximately giving that new child the suitable lifestyles a possibility.

Answer 6

Neither! I believe that ( as a parent of triplets) my job is to talk care of my children now and help them through their first 4yrs of college. After that, they are on their own. Of course, sometimes children need a bit of help as adults and that's fine, but as far as being taken care of.....Parents have a right to live the lives they want to live, not have to worry about taking care of their adult children for life.

Answer 7

Enjoy life while you can. Your children have their own opportunities to make their own wealth. Assuming that you have given them the best education you can they are probably in a better position than you were at that age. You have worked all your life and are entitled to enjoy life. Both my children earn more money than we ever dreamed of and they both encourage us to realise our assets and have a good time and expect us to leave them nothing but sentimental keepsakes.

Answer 8

As I have been telling my mom for years, have a great life. Why should we have to wait around for anything. As long as there is burial insurance set aside to pay for the plot and after care insurance for if she becomes terminal or needs home care, anything else should be spent on her life (or the grand kids).

And now she is on a month long cruise in Alaska, next year she is off to Egypt....

Finally, she is taking my advice. I don't want her money, I have my own.

Answer 9

Have a luxury life now, but make sure they are educated so they will become self sufficient, and maintain their own luxurious
lifestyle...

Answer 10

I think they should save money. Because if ever they will die, there children don't have somebody that will help them pull through. At least if there parents left them enough fortune they have better chance of surviving and living in good condition. it always better to be prepared.