Are you going to leave your kids the house?

[Penistone999]

My rental properties will all be left to my two kids so they can decide either to inherit a ready made , successful rentals business OR sell the houses and set themselves up financially . That will be their choice .

[tinfoilhat]

Yes, there are other factors too.

 

What if one or both of your children already has their own house; maybe someone else needs it more?

 

I'm really deserving. Gimme the keys ;)

[tinfoilhat]

i have one son. he has been a right royal pain in the arse his whole life. he is now in his early 30's and assumes the world owes him a living.

 

i have spent more hours sorting out his problems, and dealing with the assorted trouble be has brought upon himself and his family.

 

i would rather leave my house to a cats home than to my son.

 

Im an awesome son. No bother at all. And I love cats!

[El Cid]

Im an awesome son. No bother at all. And I love cats!

 

I have a dog, and a cat; but the dog will get it all

[Harrystottle]

What if one or both of your children already has their own house; maybe someone else needs it more?

 

I love my children, they are good kids. So 100%, they get anything we leave.

[Cyclone]

Yes, there are other factors too.

 

What if one or both of your children already has their own house; maybe someone else needs it more?

 

Hopefully for most parents their children will indeed have their own houses by the time they pass on. And as such the children will most likely sell the house.

I can't speak for myself, but my parents have their entire estate equally split between myself and 2 siblings, after a small amount for grandchildren.

[geared]

i have one son. he has been a right royal pain in the arse his whole life. he is now in his early 30's and assumes the world owes him a living.

 

i have spent more hours sorting out his problems, and dealing with the assorted trouble be has brought upon himself and his family.

 

i would rather leave my house to a cats home than to my son.

 

Leave the house to his kids, specifically saying he is not allowed to live in it.

or have it sold and the money put into a trust fund for them?

 

That way you can set them up, and not have to worry about your waster son frittering away your grand kids inheritance.

[Cyclone]

If they're of a reasonable age (ie 18+) or you expect that they will be when you pop it, just leave the house directly to them!

[L00b]

Families are very fragmented these days, just wondered what people intended to do with their estate.

Been helping my M-i-L with her testamentary provisions recently.

 

She's in this exact situation, and the fragmenting, which was already acrimonious (call it an ongoing uneasy truce for the sake of the kids/my nephews-i-L, that lasted until-), was made all the worse by my B-i-L's untimely passing, and was made terminal in the ensuing scrabbling/recriminations over the compo apportionment between his new partner and his kids (apportionment was done 100% acc. to legal rules/precedent by barrister, nowt to do with us, and neither my M-i-L nor my wife got anything, and I mean nada...but of course we all ended up getting blamed by the kids (long influenced by their mum, the B-i-L's ex) for everything).

 

Her agony over what to leave to whom was heart wrenching

 

I blame my B-i-L's ex (she's a class-A, vindictive, money-grabbing b****...and I'm being kind with my words). Put it that way, I'll be filling the hole myself and buy a pint to the cemetery workers to let me do it.

 

Nothing worse than estates/money matters in families.

Edited September 20, 2016 by L00b

[El Cid]

Been helping my M-i-L with her testamentary provisions recently.

 

Her agony over what to leave to whom was heart wrenching

 

Nothing worse than estates/money matters in families.

 

I guess that sums it up, for families with issues. Do you go by tradition, or leave it to those that have been good to you.