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What is the point of people saying ''Spend the Kids Inheritance''.

(31 Posts)
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j07 Thu 17-Jan-13 10:14:40

Really?! How did I miss that? shock

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absent Thu 17-Jan-13 10:03:15

j07 I think you'll find that "the seven years inheritance tax thing" is now ten years.

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j07 Thu 17-Jan-13 10:01:49

But not Hut

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j07 Thu 17-Jan-13 10:01:09

You do echo the way I feel HUNTERF. I am no traveller to be honest but when I want a little break we take one. I can't think of anything I really need to spend much money on for myself. Hut if there is anything I usually buy it.

Best to spend the money treating the kids whilst you can enjoy it with them.

I think it can be hard though, deciding how much you should be keeping for any necessary care etc. in later life. And then there is the seven years inheritance tax thing. When should you give any surplus away?

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Ariadne Thu 17-Jan-13 09:58:56

You're right, Frank! It is lovely to be able to spend money on them, and to help out, but no point at all, as far as I'm concerned, for spending money for the sake of it, if you have, and are doing everything you want.

A year or so ago, DH and I put together a wish list of places we would like still to visit, and began to plan. Then, because of work we were doing, a visit to South Africa (not on the list) came up and it was absolutely wonderful. The list is still around, but because we have already travelled a lot, it has lost its imperative. You never know what's going to turn up.

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HUNTERF Thu 17-Jan-13 09:51:05

Some people I vaguely know who noticed me paying a restaurant bill when I have gone out with my daughters / sons in law and grandchildren complain that my daughters / sons in law should be paying some of the bill.
My son in law's parents do the same when they take them out or we split the bill if we are all there.
If I look after the grandchildren I do not charge my daughters for food etc and if I decide to take them somewhere I will pay.
I do go on the holidays I want but have never been or want to go on things like round the world cruises.I have a new modest car which I change about every 3 years and keep my house nice although my daughters own some of it as a result of part of it being left to them when my wife passed away.
I do think there is no point being the richest man in the graveyard hence me paying some bills for my daughters but why spend money on holidays etc which you do not want to go on or say buy a £50,000 car when your £15,000 car does all you want it to do.

Frank

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