UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next
Author: donbellphd Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Passing on Assets to Heirs--Goal or Conseque Date: 11/26/2001 11:03 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
WiseNLucky,

While I mostly agree with your comments, I do think parents have a responisibility for the education of their children, and I would hope most parents want their children to achieve more than they could, i.e., stand on their shoulders. I suppose all of us can drag up visions of spoiled rich kids, squandering the family fortunes, but I prefer a vision of children who use their parents' accomplishments to accomplish even more.

If you experienced aging parents who had not planned or provided for themselves, that is indeed unfortunate, but a narrow premise for reasoning. As a parent, you could always fall back on the notion that you needed to preserve all your money to fund however an elaborate retirement you might imagine, and let your kids fend for themselves--self made men are tougher, and all that cant.

I would like couples think more about the responisilbity they are assuming before they have children, and that responsiblity includes not only providing for the education of those children, but ensuring also that they will not be a drag on them. As in most things, moderation is probably the answer.

db

db
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Berkshire Hathaway

Reestablishing the Middle Class
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement