He Refused to Give His Kids Any Inheritance and Wanted to Spend It All on Himself, but When They Found Out and Got Mad, He Called Them Entitled 

A man recently asked for some advice because his children were upset with him about his plans for their inheritance, or lack thereof. Here’s what happened.

They Worked Hard

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A man and his wife, both in their 40s, had good careers and worked hard to get where they were. It meant they could provide a good life for their three children and enjoy good things for themselves as well.

They Had a Decent Income

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All added up, the man and his wife made about $300,000 a year.

They Could Keep Working

Listen to Others 1
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The man said, “If we went the traditional route, saved heavily, and worked another 25 years, we could probably retire at a decent age and still leave a sizable inheritance for our kids.”

It Wasn’t What They Wanted

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Although that was something the couple certainly could do, it wasn’t what they wanted to do. Instead, they wanted to retire early and enjoy their money before they got too old.

They Wouldn’t Give Their Kids Anything

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That meant they wanted to spend all their savings, leaving nothing for their children to inherit. The man said, “We don’t want our kids to be counting down the days until we die so they can get our money and never work again.”

They Did Have a Rainy Day Fund

Only The Part Of Your Income That Exceeds A Tax Bracket Is Taxed At The Higher Rate
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The couple had set up a rainy day fund for emergencies, but if they were honest, they expected to spend all of that as well.

They Hadn’t Told the Kids

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Although they’d had these plans for a while, the man and his wife hadn’t mentioned them to their children, thinking it was none of their business. They had, however, explained that they wouldn’t just be handing over money to them, and they would only pay for half of their college fees too.

He Had a Health Scare

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The man had a bit of a health scare when a mole could have been something nasty, and his plans for the future came out.

His Kids Were Upset

The _Useless Dad_ Trope
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When they learned that their parents intended to spend every penny they had before they died, the children got upset.

She Said They Didn’t Care

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The oldest child was particularly mad about the situation. The man said, “She accused us of caring more about partying than her and her siblings’ wellbeing. I explained that we’d rather them make their own way in life like we did, not wait for a handout.”

Was He Wrong?

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Was the man wrong not to want to give any of his wealth to his kids, or should he be able to spend it however he wants?

The Internet Responded

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One person said, “Why did they have children? They could have skipped that step and retired even younger, and if they’d somehow run out of money before dying, they would still have been able to count on nobody caring.”

Another commented, “You do realize there’s a happy medium between cutting your kids off and spoiling them rotten, right?”

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