what would you do

[bronco302]

Sell it and put the money away how ever you choose. In the end the best inheritance you can give your kids is no left over burdens to carry. If there is anything left then they can share or fight over it.

 

 

Joe W. 

[ncomarc]

In all fairness, if your son was responsible and the one that went out of his way to help; be there for you and the wife then your plan sounds good. Would your son help out his sisters if they fell on hard times? If he's the one that's gonna look out for his siblings and is very financially responsible? I've seen my parents friends want to be fair and not hurt any of their kids feelings only to see the money lost to vices or stupid financial decisions. Lastly, even though you are well off, would your son care for you if for some reason you needed care or put you in a care home? If a care home, save your money so you can get home care at your small house. My kids know I'm there to help them through college and any emergencies. Otherwise I'm spending my cash on travel, food and my dog.

[john455]

Ok, update, I ran this past all the kids and gave them the options, and they all agreed to just let Stephen pay the rest of the payments and give it to him. Our daughters all said they had always expected Stephen to get the house when we passed because he is the oldest so it was no loss to them, none of them thought the Sharing the house for a few years ideal was good, and none of them wanted the house sold off and divided. Now this opened a new can of worms, they are now arguing over who gets witch of my guns when the time comes lol

[john455]

Oyeah, the smaller house will most likely be sold and divided between the girls and Cameron our 4yr old son.

[ironsniper1]

Ok, update, I ran this past all the kids and gave them the options, and they all agreed to just let Stephen pay the rest of the payments and give it to him. Our daughters all said they had always expected Stephen to get the house when we passed because he is the oldest so it was no loss to them, none of them thought the Sharing the house for a few years ideal was good, and none of them wanted the house sold off and divided. Now this opened a new can of worms, they are now arguing over who gets witch of my guns when the time comes lol

just tell them you're leaving all your guns to your buddy's on TGO [emoji13]


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[Alleycat72]

Are you aware of the tax ramifications? Please look into it, if you haven't. If you have never mind. LOL

[Ron Padilla]

Its good that they were able to work things out the way they did no hurt feelings that way as for your guns,
I think you showed up on my long lost cousin list and just havent reached out to you yet :)

[analog_kidd]

What?!?!? You mean you sat down and had an adult conversation with the kids and everyone came to an agreement? What a concept!

 

Seriously, though, that was a fantastic idea and a great way to handle it. Not all families could have done that. You must have done a good job raising your kids into level headed adults. Glad that it all worked out for you.