A member says their dad wanted to create a woodworking shop in retirement to pursue his pastime outside the garage.
Many recommend parents to live the life that they want to live. “If there is some money left, great. If no money is left at the end, great,” comments one member.
“You could see the heartbreak of missing out on this, watching their siblings enjoy this adventure,” said the commenter.
A member notes that much of inherited wealth is frittered away after two to three generations in the United States.
“Nope… you don’t owe your kids an inheritance if you don’t want to,” said one person. Numerous members echo this sentiment.
One person shared an exception to the rule, stating, “If the money would help your children now, and you want to do that, then give it to them now.”
A member adds that it is harder every year to get education, buy a home, and save money, while youths are adults and should earn their way.
As long as you’re not “blowing money” on things such as gambling, MLMs, and other scams, a user believes there is nothing wrong with not leaving an inheritance.