Leaving Your Children Nothing......

I have found as I've gotten older ,that I don't spend as much or buy thing's id usually buy simply because I'm always thinking about my inheritance to my children, I have a progressive illness so it's always on my mind

I guess it depends how the children have behaved and treated their parents.

I see both sides to this, you work hard so you should enjoy it, but then also want your kids to have a good start in life. My son is 7 and I am putting money away for him, I have since he was born. I still plan to leave him as much as we can but still have a good life. The inheritance tax is a killer

It's your money so it's yours to do what you want with. Honestly it's not like your kids can do anything literally to you

Everyone’s circumstances are different so I think you should do what is best for you.

I encouraged my parents to spend their money and enjoy their retirement.

Everyone’s circumstances are different so I think you should do what is best for you.

I encouraged my parents to spend their money and enjoy their retirement.

My parents are retired and I want them to enjoy it. If it means there is nothing left for me then that is fine. They worked hard all their lives and deserve to enjoy the time they have left without worrying about leaving me something.

Teaching your children the life skills like how to handle money, manners and passing on any knowledge of useful tools and tasks (cooking, sewing etc.) is much more useful things to leave your children than your money.

I mean a little bit of financial stability would be nice, but it shouldn't be expected.

I guess it depends on your relationship with them too. If you believe you have been great parents and your child has done nothing but bad mouth you and steal etc. Then I would understand if you wouldn't want to leave them anything.

At the end of the day the parents are the ones that earned it and assuming they brought their children up and paid for their upbringing etc. They don't really owe them anything financially.

My parents have already said we aren't getting anything and my in-laws asked us before they remortgaged as they were worried we wouldn't get anything if the worst were to happen (I was touched they actually thought of us!) but of course we said to do what they wanted/needed to do.

They'll likely to outlive me though with my health.

I think they should enjoy their retirement sorry but there comes a point where you have raised the kids and they have their own life's try to have some fun themselves as they worked for it honestly I couldn't careless if I get left anything when my dad passes I just want him to live his life to the fullest

I’ve told my parents (divorced) that I’m a grown adult who is capable ultimately responsible for making their own way in the world by working hard and saving for what I need (which is how they brought me up) They should spend what money they have on themselves. It is so selfish of children who expect/that it is a given to receive anything when their parents pass away. Unfortunately society has been breeding a lot of people who want everything handed to them in some shape or form.

My children will inherit my house etc so if I see something I like I tend to buy it. Then my husband asks where will that go?

Why do people feel entitled to inheritance. I’ve told my father to spend everything. We’ll be just fine without it

I think it’s ok for parents to do this, as I think why should parents work all the lives just to save it and give away to the children. I think that they should spend the money and enjoy the time have and if there’s nothing left so be it.

I’m in two minds , I hate the thought of loosing my parents but to think they wouldn’t enjoy what they’ve worked hard for ( 1 in particular) but my parents spend money like anything and worry we won’t get a boost to help us on housing ladder.

My Will states my kids get nothing, not that I have very much left. When their Father and I divorced I settled for a much and I mean much smaller figure as was his argument that the house was the kids home. I agreed and that when removing my name he replaced it with that of the kids so they could be joint owners and then only have his 50% to inherit. Unfortunately that's not what happened because he didn't think about it, always the case his way or no way!

It depends on your relationship. Personally, there should be no expectations, especially if a large inheritance is subject to a large tax…it’s fine to leave something, but definitely enjoy your own money

I have nothing to leave and my children know that so they won't be disappointed

I am happy to be able to leave my son a lot more than my own parents were able to leave me. My son deserves it. If he didnt then he wouldnt get it!

If I had kids then I’d probably do everything I could to leave them money to cover funeral expenses etc but that’s about it

Ive made sure my funeral costs are covered. I got my jewellery box out and got the girls to sort out between themselves what they wanted - then it wont always remind them that they are only wearing it as i have died.

My will is sorted into % as you can never tell if any other costs might pop up that no one expected. But I am also leaving quite a bit to cancer research as I am still alive partially due to the work they do.

If I had a big lottery win before I go - of course I would spend what I wanted lol. But that would include a holiday for all of us.

My kids know that my coffin wont be a cashpoint for them. Lol.

I don't have anything to leave but I certainly wouldn't miss out on anything just so I could leave my kids an inheritance. Did I work, scrimp and save simply so I can leave it to my kids? Absolutely not. They can have my tv which is the only thing worth more than 20 quid and they can come fight over it.

In response to the OP's question I would ask ;

Who's Will is it?

The person making it, who can decide whatever they want OR the supposed dependents who feel they should be the beneficiary?

I do not think children should expect anything. It’s a bonus if they get something. My brother can’t wait to inherit his money then he won’t have to live at home anymore at the age of 57.