Inheritance For Your Children

[Hoovie]

Proverbs 13:22

A good man leaveth an inheritance to his children's children: and the wealth of the sinner is laid up for the just.

Is it important to leave a monetary inheritance to your children?

This is not about what is most important - we all know passing on the faith is the primary thing.

[Margies3]

I don't know about this, Steve. I've always felt like our parents didn't OWE us an inheritance at all. They raised us, fed us, clothed us, sheltered us and took care of us until we were old enough to support ourselves. At this point in life, I feel more like I owe to my mom than that she owes to me (she is the only parents either of us have left now). I would give her anything I own. But I certainly would never EXPECT her to give to me.

On the other hand, I will say this: when Walt's dad died, he had bought a considerable amount of life insurance which all 4 kids split evenly. That money has been a very, very big blessing for us. But did he OWE that to us? No. Are we grateful? Absolutely!

[Hoovie]

Originally Posted by Margies3

I don't know about this, Steve. I've always felt like our parents didn't OWE us an inheritance at all. They raised us, fed us, clothed us, sheltered us and took care of us until we were old enough to support ourselves. At this point in life, I feel more like I owe to my mom than that she owes to me (she is the only parents either of us have left now). I would give her anything I own. But I certainly would never EXPECT her to give to me.

On the other hand, I will say this: when Walt's dad died, he had bought a considerable amount of life insurance which all 4 kids split evenly. That money has been a very, very big blessing for us. But did he OWE that to us? No. Are we grateful? Absolutely!

Yes indeed. There is no debt to be paid. It is a blessing bestowed on the children. I have spoken to some who think it is better to give your assets to the church or a ministry... (and I too don't think those should be excluded.)

[Sherri]

I think it's definitely a Biblical injunction to leave an inheritance if at all possible. I hate those bumper stickers that say, "I'm spending my children's inheritance". I hope to be able to lay up money for my kids.

[Rhoni]

Originally Posted by Sherri

I think it's definitely a Biblical injunction to leave an inheritance if at all possible. I hate those bumper stickers that say, "I'm spending my children's inheritance". I hope to be able to lay up money for my kids.

The Bible also talks about laying up and inheritance for your children's children. My grandparents not only designated money for their only child, my mother, but left sizable sums for their 10 grandchildren. I have designated a sum for all my children and grandchildren.

[ILG]

Originally Posted by Sherri

I think it's definitely a Biblical injunction to leave an inheritance if at all possible. I hate those bumper stickers that say, "I'm spending my children's inheritance". I hope to be able to lay up money for my kids.

I think it's funny. But then, I doubt I will get much at all. My parent's are not big spenders and they were not big earners. However, they are spending my inheritance to live on!! But if they took a nice vacation sometime I would be happy for them.

[Margies3]

We do have a sizeable amount of life insurance money that our boys will end up with after they pay off our funerals. And they can sell the house and split that money if they want. But other than that, I'm afraid we will have to be living on whatever money we have saved up. I think company pensions are going to be going the way of the dodo bird, so we'll probably all be in the same boat.

[Fiyahstarter]

Originally Posted by Stephen Hoover

I have spoken to some who think it is better to give your assets to the church or a ministry...

Your preacher, perhaps???










J/K.... I think the kingdom would be a great beneficiary.

[ILG]

Originally Posted by Margies3

I don't know about this, Steve. I've always felt like our parents didn't OWE us an inheritance at all. They raised us, fed us, clothed us, sheltered us and took care of us until we were old enough to support ourselves. At this point in life, I feel more like I owe to my mom than that she owes to me (she is the only parents either of us have left now). I would give her anything I own. But I certainly would never EXPECT her to give to me.

On the other hand, I will say this: when Walt's dad died, he had bought a considerable amount of life insurance which all 4 kids split evenly. That money has been a very, very big blessing for us. But did he OWE that to us? No. Are we grateful? Absolutely!

I agree Margie.

[rgcraig]

Let's just say I'm worth a lot more dead than alive!