Wasting money.

My view is that once gone I can’t worry about anything I leave behind. My tiny family is good with money but they are also far better off than me anyway so I plan to use what I have while I have it and not worry about leaving any behind.

I have handed money to my children now and again and they have spent, or saved it, wisely and well. I know very few people with spendthrift children. Most of my friends and acquaintances children are, and always have been, very levelheaded over money.

If you think your children would waste their inheritance put it in trust for your grandchildren specifically to fund education or house purchase.

I don't think mine would waste anything they get. I already passed most of the money I inherited from my mother to my daughters. One used hers to help pay for an extension to her house, which has made an enormous difference. The other used it to help her buy her first house.
Not everybody's children are spendthrifts.

I suspect that you are right annsixty re the nursing home fees. We were lucky that my parents never needed care, just a little extra support and we were all glad to do our bit. I also suspect that the NHS is coming under all sorts of pressure and we will end up spending our assets on healthcare as well as social care in the not too distant future.

If that is what my C would do I would be very pleased but one is well established in her home and the other one has no intention of ever buying property again after his first wife got the house and everything in it.
I intend spending what I need but He's needs and mine are very modest and I suspect it will all go on care fees, especially if I die first.

When my mother died and I inherited my share of her , and Dad's, estate I found it very difficult to contemplate spending any of the money as I could not shake the feeling that it was mum's money and she might need it back! After six months or so I felt able to give most of it to my son and his fiancé as a deposit for a house. My widowed Sil did the same with her share and my nephews put it towards their own houses. I think my mum and dad would be pleased!

they can spend it how they want ,nonthing to do with me ,its none of my business how they spend their own money either .I didn't ask my parents permission on what to buy..and when my mother gave me money it was always with the instructions to go and enjoy it .So thats what I'll hope mine do too.If you're worried about them "wasting" YOUR money...simple ...dont leave them any

I am unlikely to be aware of what happens to any meagre inheritance after I am gone!
However, I do hope that I can tick along adequately enough now Paw has gone. Fingers crossed anyway. There will be little to spare but when the time comes, the children are welcome to do what they like with the proceeds from my house.

Anything I have left will gladly go to my 3 DDs. They have never asked for money from us even when they have had difficult times. We have given gifts at times to help out but it is gratefully received and never expected.

vampirequeen,when i got my share of my parents house my thoughts were same as you,i spent as my dad would have wanted not waste,we had a new kitchen ,walk in shower/new bathroom,money spent mostly on our house, i paid for things i thought our grown up family needed did not give money that would be just wasted.

I'm going and to make a great effort to spend what I've got - there will still be my house, so I won't t feel guilty. I hope and pray I've still got a bit more travelling to do yet, and meantime I'll dress nicely, eat nice food, have my house nice and eat out/take taxis when ever. I've worked most of my my life, why not.

If I am fortunate enough to inherit anything from my mam then I will definitely not waste it. I encourage her to spend her money on things she wants not just things she needs. It's her money. If she chooses to bypass me and leave to my girls, I know that they won't waste it either.

I think there have been a couple of discussions about it on here. Some found it fine, whilst others had horror stories. I think its far more regulated than I used to be. I'm quite interested in it myself.

Thanks for your reply MissAdventure.,have thought about it but you only seem to hear bad reports about it,would love to hear from anyone who went ahead with it Thanks knittinggran.

How about equity release, knittinggran? Might be worth at least enquiring about.

Good for you Eglantine21,we have very little spare money,the money we have is in our house,we have thought of going into rented to release some money but i would always have the worry of it not been a very secure option,so far as buying smaller bungalow thats where we are now cant go much smaller.

And I haven't got any money, so it's one less thing to worry about.

I'm afraid Im wasting mine all by myself. And having a great time! The plan is for them to have to support me