What Are You Planning To Do With Your Millions ?

[Bazile]

These billionaires / millionaires have decided that their offspring will not be inheriting their wealth

http://time.com/money/2913542/10-other-celebs-besides-sting-whove-cut-their-kids-out-of-their-wills/

What would you do with your wealth , if you were worth millions/billions - would your kids be inheriting ?

[New Judge]

Certainly not.

I will (hopefully) run out of money a little while before I croak it. I have plans involving considerable profligacy (which have already begun) and there will be very little of Mrs NJ's and my money left for the taxman or anybody else.

1 Timothy, Ch6 v7:

"For we brought nothing into this world..." and I aim to make certain I take nothing out (or nothing that anyone can get their hands on, anyway).

[Mamyalynne]

If I had millions or billions I'd already be treating not only my own family but many more besides.

[Bazile]

NJ - have you broken the news to them yet ?

[hereIam]

I don't understand this, of course my kids would inherit, isn't that what we all do, look after our kids and make sure they are ok ??

[Bazile]

hereIam
I suspect that they may still leave a decent sum to their kids - however not millions / billions

[emmie]

i would spread it around family, trouble being there are so many of them now.

[EcclesCake]

I would't go beyond buying their first property. Subsequently should they have children an amount would be put into their trust fund.

[ummmm]

All to my kids, nieces and nephews.

[New Judge]

"NJ - have you broken the news to them yet ?"

They don't need to know. It has nothing to do with them at all. I inherited nothing from my parents (basically because they had nothing to leave). There is no reason why children should expect to inherit the fruits of the parents' labours. I find such expectations a bit presumptious.

[Mamyalynne]

True, no one should expect anything , I inherited nothing and I'm sure my children and grandchildren aren't expectant in that regard either.

But it would be delicious to surprise them.

[ummmm]

My grandad was a very wealthy man. His first will left everything to me and my sister. Then he fell out with my sister so changed it. This was the pattern over the years.

Did anyone in the family expect his money - NO

[HansUrbancka]

I haven't got any children So,if we are talking of millions, I would donate at least one million to AB and suggest that it becomes a voluntary organisation which is dependant upon Sponsors and invited contribution from its members..( Similar to Wikipedia.) However, I would make it conditional that the site be made free of all advertising which appears to be slowly destroying it.

Hans.

[Sqad]

I agree totally with NJ.
Nobody handed out money to me and i worked hard for what I have saved and that is to make the final years of Mr &Mrs sqad comfortable as a prime concern,,,the kids are purely secondary.
One conceives them, one educates them to the best of your ability, clothes them, feeds them and attends to their reasonable needs and when they become adults, make their own decisions, good or bad, have families...they then make their own decisions and provide for THEIR family.
My kids know my philosophy.

[jambutty]

When my beloved parents died, they left everything to me and my brother (admittedly not millions), but the house and money in savings - isn't this what loving parents do ??? Money given in donations at both funerals went to their chosen charities.

[Bazile]

ummmm
//My grandad was a very wealthy man. His first will left everything to me and my sister. Then he fell out with my sister so changed it. This was the pattern over the years. //

He cut you out as well , even though it was your sister he fell out with ?

[Barmaid]

How sad to see a lawyer doing his fellow lawyers out of earning a reasonable crust!!!!

Seriously, tho, I agree with NJ. My siblings and I are actively encouraging our parents to die with nothing. We have all been generously treated during their younger days and now they are retired we would like to see them live a little.