Baby Boomers

dawg day

(7,947 posts)

31. Leave money to your grandchildren

Tue Nov 13, 2018, 06:37 PM

Nov 2018

Also, you could set up a trust for your daughters for them to get when they're 65 or so. That would give them a little protection late in life.

My children, fortunately, didn't rebel and become rightwingers.

But you can help your whole family with generation skipping so that your grandchildren have $ for college or getting started in life. And the fathers can't take the money, as they could if you left it to your daughters.

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Changing our will [View all] SHRED Jul 2018 OP

Few years ago. Cut out my entire family except my daughter. Floyd R. Turbo Jul 2018 #1

Ask about a "skip-a-generation" trust. calimary Jul 2018 #2

I'm seriously considering this...thanks SHRED Jul 2018 #6

Is it to be a high valued estate? Several thoughts. 3Hotdogs Jul 2018 #3

We have a trust SHRED Jul 2018 #5

We were just talking about this. blueinredohio Jul 2018 #4

Donate the estate to the ACLU...we're gonna need them a lot more soon. (n/t) Moostache Jul 2018 #7

I know it is tempting, but you might consider the consequences. Frustratedlady Jul 2018 #8

These aren't my spouse's children SHRED Jul 2018 #10

Didn't mean to be confusing. I was referring to grandchildren and great-grandchildren. Frustratedlady Jul 2018 #14

I have heard folks say to leave $100 each rather than leave them out. keithbvadu2 Jul 2018 #9

yup happynewyear Jul 2018 #19

Sorry but this is real weird Capperdan Jul 2018 #11

You can't communicate politically with someone... SHRED Jul 2018 #12

I took my oldest daughter out, she was also my executor. She married an evangelical 5 years ago. onecaliberal Jul 2018 #13

What makes you think his kids wouldn't spend all the money on nazi propaganda when they lunasun Jul 2018 #16

A friend at work got pissed at his two sons and safeinOhio Jul 2018 #15

That happened to my uncle! happynewyear Jul 2018 #17

I'm worried about this issue too. Croney Jul 2018 #18

GOD'S WILL happynewyear Jul 2018 #20

There's no law that you have to leave your estate to your kids or sinkingfeeling Jul 2018 #21

Had an estate tax professor who said he strongly advised against punishing family in death. Hoyt Jul 2018 #22

For everybody on this thread, just one thing to keep in mind. calimary Jul 2018 #23

Yes, it is your money and you can leave it to whomever you please. PoindexterOglethorpe Jul 2018 #24

Spend it all Dr Kak Nov 2018 #25

I knew a Dr Kak on the old Abuzz site - any chance? marble falls Nov 2018 #33

What if his wife objects to wine, women and song? marble falls Nov 2018 #35

I always figured I could go back to my lawyer and have him re-write my will. Maybe I'm wrong. dameatball Nov 2018 #26

We did it but we don't have kids just nieces and nephews. redstatebluegirl Nov 2018 #27

I was going to say. Start a trust. But I see it's already been mentioned. littlemissmartypants Nov 2018 #28

I have two siblings. MontanaMama Nov 2018 #29

My father changed his Will 10 times in 10 years. no_hypocrisy Nov 2018 #30

Leave money to your grandchildren dawg day Nov 2018 #31

You could also leave a big chunk to a good liberal cause (maybe in the names of the in-laws ;) dawg day Nov 2018 #32

To everyone reading this, PoindexterOglethorpe Nov 2018 #34

What if? CountAllVotes Nov 2018 #36

Then you absolutely need a will, otherwise PoindexterOglethorpe Nov 2018 #37

I have CountAllVotes Nov 2018 #38

You may need to do a bit more research PoindexterOglethorpe Nov 2018 #39

Suze Orman has forms online at a nominal cost. llmart Nov 2018 #40

On line forms can be problematical. PoindexterOglethorpe Nov 2018 #41