i just got $5000 for nothing, except that a relative died. anyone else troubled by inheritance; yours or otherwise? shouldn't the money we receive in adulthood reflect the work we've done?

11/2/2007 11:38:10 AM

give me the $5000 then

11/2/2007 11:38:56 AM

I take it you haven't paid taxes on it yet.

BTW, you're the worst kind of troll there is and I hope you're eaten by something with lots of teeth.

11/2/2007 11:42:44 AM

^^ nah. as usual, i'll be giving none away. i can't think of a better solution, but it just seems kind of unfair.

^ how is this trolling again? just imagine i made it under another name and you'll be ok.

[Edited on November 2, 2007 at 11:44 AM. Reason : ]

11/2/2007 11:43:44 AM

I don't think he will pay taxes on it... you only pay taxes on gifts worth over $9999....
but then, I'm not sure if an inheritance counts as a gift.

And I don't suppose Dad plays the lottery,either then?

11/2/2007 11:51:21 AM

i wish i had relatives that had money or gave a fuck about me

11/2/2007 11:52:20 AM

^^ how often can you give a gift of 9999? once a year i would think??

11/2/2007 11:53:42 AM

I actually think the limits been raised to $11k or $12k by now

11/2/2007 11:54:44 AM

Quote :

"I'm not sure if an inheritance counts as a gift. "

nope!

11/2/2007 11:55:00 AM

so you're telling me that you don't want your kids to eventually have what you worked for...

you know, the work you did to help them have a better life while you were alive


I don't know about you, but I want my kid to have a better life than I did, just like my parents did for me

if I'm here or not...

I'd much rather what I've worked for stay with my family than go to someone who had no hand in it

11/2/2007 11:57:35 AM

Quote :

"so you're telling me that you don't want your kids to eventually have what you worked for... you know, the work you did to help them have a better life while you were alive I don't know about you, but I want my kid to have a better life than I did, just like my parents did for me if I'm here or not... I'd much rather what I've worked for stay with my family than go to someone who had no hand in it"

amen

11/2/2007 11:58:23 AM

who feels bad about free money?

11/2/2007 11:58:25 AM

^^ i think it's fine to provide all the tools for an abundant life, but as far as just taking over what they've earned, i think it sucks. sure, when you're a kid and even into college, you need someone to provide for you in some way, but after you've built up all your earning power, use it.

and also, what hand did i have in say, my grandfather's success?

^ i guess i do.



[Edited on November 2, 2007 at 12:00 PM. Reason : ]

11/2/2007 11:59:33 AM

dont just use it, enjoy it.


you shouldn't just use it to be blowing it.

What happens when you get sick and can no longer work, heaven forbid you pass away. If you haven't stashed anything away to provide for your family/spouse it ends up putting a financial burden/strain on them for the rest of their lives.


One of our close family friends that have lived across the street for 16 years just passed away last month. He did this exact thing, didn't leave anything for his wife. She is having to go back to work and put her house on the market due to the burdens he has left her with.

11/2/2007 12:03:01 PM

The people give you the money to enjoy, so use it

I'm gonna be taking a trip to Korea because of some inheritance and I'm extremely thankful for it.

(I also didn't know the person, he was my dad's uncle, so guilt isn't really a big part of it.)

11/2/2007 12:04:42 PM

^^ so no life insurance?

^ yeah, i guess i will. i definitely won't blow it. maybe i'll just give it to my kids so they can deal with it.

[Edited on November 2, 2007 at 12:06 PM. Reason : ]

11/2/2007 12:05:28 PM

4^ Probably more of a hand than you'd think.. Working for something such as a wife, children, grandchildren is almost certainly the single biggest drive of the human condition.

[Edited on November 2, 2007 at 12:07 PM. Reason : 4]

11/2/2007 12:06:47 PM

Quote :

"what hand did i have in say, my grandfather's success?"

I worked my ass off for all of my grandparents the last 10 or 12 years of their lives


and never got paid a dime at the time, I did it cause they needed help and I was capable of doing it...

and they were my grandparents, I'd have done anything for them

11/2/2007 12:09:09 PM

^^ that's a good point. this thread is actually doing something. thanks.

11/2/2007 12:10:32 PM

11/2/2007 12:21:07 PM

this thread sucks

11/2/2007 12:22:01 PM

Quote :

"I worked my ass off for all of my grandparents the last 10 or 12 years of their lives and never got paid a dime at the time, I did it cause they needed help and I was capable of doing it... and they were my grandparents, I'd have done anything for them"

Same here. I drove to the nursing home in Tarboro nearly every Sunday for 4 years. At the time it was kind of a drag and it cost me a lot of money (for a college student at least.) Looking back, I wouldn't change a thing because
1. They're family.
2. They did a ton for me growing up.
3. I'm sure leaving the farm and being in a nursing home sucked more than I ever hope to know.
4. They're family.

I think the grand total of my inheritance from them was a banjo. That's all I would have wanted anyway.

11/2/2007 12:27:36 PM

I hate it when my friends bring up inheritance.. and talk about how much they're going to inherit. it's pretty morbid to think about it. i have an idea of what is going to be left for me, but I don't want (or care) to know an exact figure. if i don't get anything, that's fine, too. i certainly don't expect to get it just because im their son.

11/2/2007 12:28:54 PM

The non-tangible things your family gives you in life should be worth much more than anything you receive by their death. If not then your family has problems regardless of how much you stand to inherit.

[Edited on November 2, 2007 at 12:31 PM. Reason : s]

11/2/2007 12:31:29 PM

^

[/thread]

11/2/2007 12:31:56 PM

^ yea. same here


its like a paradox, your parents would want you to have the money, but its kinda shitty that you're getting all this money from their death.


and people who talk about inheritance are just shallow assholes.

11/2/2007 12:32:11 PM

ill probably just give whatever inheritance i get from my parents to charity.

i get much more satisfaction from building wealth myself.

11/2/2007 12:33:03 PM

^^ my friends will sometimes bring it up and be like "man look at all you're gonna get, i'm so jealous." and i just say "you're jealous that my parents are dead? wtf is wrong with you?" i dread that more than anything on this earth. i'll be completely alone. my mom, dad, and sister all gone.

11/2/2007 12:33:04 PM

my inheritance was a Remington Model 12 from my grandfather. he didnt have anything to leave me even if he wanted to and i'm fine with that.

[Edited on November 2, 2007 at 12:36 PM. Reason : ^yeah i hate that shit too]

11/2/2007 12:34:25 PM

It doesn't bother me.

I used to think I could never expect anything, and I was fine with that.

But then my grandfather started giving away money. I know he shares some forested land with his brothers, but I had absolutely no idea the scope or it, nor how much money is in timber.

His reasoning was that he'd rather give us some of our inheritance while he's still alive, so that he can see us enjoy it. It's a good way to slowly broach the subject, and not overly morbid.

^^yup. Couple mil vs having your folks around? I'll keep my parents. Just because they leave you some money doesn't mean their death will be any less painful for you

11/2/2007 12:35:09 PM

Quote :

" so you're telling me that you don't want your kids to eventually have what you worked for... you know, the work you did to help them have a better life while you were alive I don't know about you, but I want my kid to have a better life than I did, just like my parents did for me if I'm here or not... I'd much rather what I've worked for stay with my family than go to someone who had no hand in it "

Almost unfailingly, kids who inherit security from their parents are scum.

11/2/2007 12:36:12 PM

Quote :

"Almost unfailingly, kids who inherit security from their parents are scum."

Not really. A lot of them are, but I can think of examples that don't fit the mold. I know one girl who is the heir to a very large fortune and has a really good work ethic. She once said something to the effect that she expects to take the money that is given to her and provide the same to her children, adjusted for inflation. For example, if she is given $1,000,000 and has three kids then she needs to have $3,000,000 to pass on (1,000,000 per kid.) Adjusted for inflation it probably turns into $9,000,000. That's a lot for anybody to live up to.

11/2/2007 12:43:14 PM

One thing I look forward to inheriting and maintaining is the memorial trust fund on behalf of my sister, which we use to fund donations to drunk driving awareness campaigns, scholarships, law suits, etc.

Whatever else is left over, I may transfer over to the fund, or do something else charitible with it. I know that I'm going to be fine on my own.

11/2/2007 12:49:56 PM

Was your sister killed in the accident? If so, I'm sorry to hear that. My car was creamed by a drunk who blew .24, but I was lucky in a lot of ways and didn't get any major injuries.

11/2/2007 1:11:37 PM

FYI the gift giver pays the tax, not the person receiving the gift

11/2/2007 1:20:47 PM