Are you planning to leave stuff for your kids after you die? i ask this cos i witnessed a pathetic case.

this modest family has 4 kids but the parents died within 2 years internal with the first born at 28yrs. meanwhile, the parents left behind properties which these kids lavished without being able to account for anything. the threw parties which had never been done before in their lives, they bought expensive furniture, renovated the house at exhorbitant price, stopped cooking and started eating out which eventually made them broke.

these kids could not handle the wealth apparently, so what is the essense of leaving stuff for the kids. i think one should take care of oneself, take vacations, enjoy yourself with your family instead of stacking stuff for some kids that can change to become something else.

i think life is meant for enjoyment.

do you want to take all you have to heaven?

what i am saying is that let your kids work to earn what they have instead of relying on the inheritance. its obvious that these kids have no value for what their parents left behind and i think the parents too denied themselves of many things never thinking death could come so early.

so whatever you have now enjoy it but you can give your kids a good headstart in life and do not give them any impression that you have something in the waiting for them.

i agree with the op here.
The best gift you can give to a child is his/her independence especially through education (all forms).
Properties and wills tend to create a lot of issues for the children after their parents are gone and it sometimes breaks the bond between siblings.
I'd rather use my properties as a goodwill gesture while here on earth or donate to charity when i'm gone instead of giving my children a gift that'd make them underutilze the values i brought them up with.

^ ^ you dont mean it! what if you become the first lady of this country ?

I understand your point, but with situation of things in Nigeria, you dare not 'throw' your wards out like that. utilizing the wealth or underutilizing is in your hands. If they get the best training, I believe they'll maximize the resources

@ slimyem

The best gift you can give to a child is his/her independence especially through education (all forms).

very true.

Properties and wills tend to create a lot of issues for the children after their parents are gone and it sometimes breaks the bond between siblings.

i have witnessed this cause serious crack in a family one thought was tightly bonded.

The only thing i owe them is a good education. Everything else is just a bonus that they will receive at 30 to manage themselves. . If they fucx that up, well i am only an earthly father. . As soon as they are born they get their inheritance in their name, but management comes after 30 and they have acquired satisfactory education plus responsibility.

@OP
the catch is to TEACH your kids about being RESPONSIBLE, and only leave them your wealth, if you KNOW they are. giving anything to an irresponsible person is not only wrong but also stoopid.
also, if you are not 100% about your kids, then you can use a trust to make sure that everything you leave them is taken care of properly!

@ mrbrownjay
i cannot agree less, you hit the nail on the head.

@op i am leaving everything i got for my son, i will just teach him how to manage money in a responsible way

I really don't know how you would leave stuff for your kids after you die, i was thinking it is usually before?

agiboma:

@op i am leaving everything i got for my son, i will just teach him how to manage money in a responsible way

Is it only one child you want to have.?

@ronkebp

Is it only one child you want to have

how many kids are you planning to have in life

it is your responsibility as a parent to raise your child well in life but its the child's responsibility to make use of the upbringing.

i think the best inheritance you can give a child is the necessary training he gets from the parent. any other thing will not stay with him for ever.

OmoPastor:

@ronkebphow many kids are you planning to have in life

6 beautiful Children by God's Grace.

@ oloriooko,wat aa sweet a very intresting topic.men y suffer in vain why ur children will waste away a wealt

The majority of those posting in this thread don't have a single pot to piss in and they are making plans to leave inheritance! LOL! 

MRbrownJAY:

@OP
the catch is to TEACH your kids about being RESPONSIBLE, and only leave them your wealth, if you KNOW they are. giving anything to an irresponsible person is not only wrong but also stoopid.
also, if you are not 100% about your kids, then you can use a trust to make sure that everything you leave them is taken care of properly!

what I'd probably put down in my will is to let them have all the physical property. Then for the cash or other assets that can be easily disposed for cash I'd give them like 25% and put the rest in a fixed deposit account; allowing them to access it in installments down the years.

moremi2008:

The majority of those posting in this thread don't have a single pot to piss in and they are making plans to leave inheritance! LOL!

prove it!

I will give them the best education and train them in the word of God which will give them head start in life. Whatever I leave for them will only be additions to the word I have invested in them.

no1madman:

prove it!

^^Proof #1 - mad man in Lagos.

trae_z:

what I'd probably put down in my will is to let them have all the physical property. Then for the cash or other assets that can be easily disposed for cash I'd give them like 25% and put the rest in a fixed deposit account; allowing them to access it in installments down the years.

some people work for 20+ yrs to fully pay their homes, and you want to hand it to a son that could sell it off after your death, just like that?! if physical property is worth a lot of money then i doubt it is a safe thing to do (unless your kids are well brought up).

as the saying goes: leave ENOUGH to your children so that they can do something with their lives, but not TOO MUCH that they wont do anything.

also, in some part of the world (like France) you have to pay succession tax to the Government (60% last time i checked) on anything that you leave to your children (whether property/cash/cars etc)  so you have to think VERY CAREFULLY when writing a will, in these parts of the world. . . . . . . . . . . . and find "clever" ways to make sure that the big man doesnt lay his hands on your assets.

I'll leave everything for my kids because I earn only for my childrens, Now, I'm giving a good education to my childrens, I want to make a good future of my childrens,
___________________________________________

youth career

ksmith99

I'll leave everything for my kids because I earn only for my childrens, Now, I'm giving a good education to my childrens, I want to make a good future of my childrens,

what will your "childrens" do if you earn only for them?

kids of today hardly think of the hard work the parents did to give them headstart in life, they simply squander everything.

No,I would leave all for the OP.You single out a negative case and want to form a theory based on that?Funny.I assume you haven't seen people who worked hard to get it all without parental help then lost it all cos they 'lost it' along the way.

My kids are getting it all(love,attention,my small change and debts,lol) now that im alive and would get more of my "all" when im no more.

@ op
Pro 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.

leaving stuff for your kids is non-negotiable.

It depends on how old they are.

ProPastorChris:
@ op
Pro 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.

leaving stuff for your kids is non-negotiable.

Pastor!!!!!
Are you even in this world? So your kids will silently wait on you without working to help themselves?