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Family of Origin
Never disinherit your kid
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<blockquote data-quote="InsaneCdn" data-source="post: 680939" data-attributes="member: 11791"><p>I know parents who chose to leave very little to <em>any</em> of their kids. There was too much tension between them, one would have wasted it, one didn't need it, one could have used it well. They left a small amount to each kid and grandkid. And then set up a scholarship with the rest of their wealth (they weren't poor). This scholarship guaranteed tuition for their grandkids (kids, if they wanted to go back to school), for anything at least a year long and in North America - as long as the "student" could maintain a better than 70% average on at least an 80% load, for up to 5 years. But... the "student" had to come up with the money for books, living expenses etc. Some of the grandkids made use of it - one had athletic scholarships that paid for everything, and used tuition money to not have to work during school year. Other students could also apply - there was some application process.</p></blockquote><p></p>
[QUOTE="InsaneCdn, post: 680939, member: 11791"] I know parents who chose to leave very little to [I]any[/I] of their kids. There was too much tension between them, one would have wasted it, one didn't need it, one could have used it well. They left a small amount to each kid and grandkid. And then set up a scholarship with the rest of their wealth (they weren't poor). This scholarship guaranteed tuition for their grandkids (kids, if they wanted to go back to school), for anything at least a year long and in North America - as long as the "student" could maintain a better than 70% average on at least an 80% load, for up to 5 years. But... the "student" had to come up with the money for books, living expenses etc. Some of the grandkids made use of it - one had athletic scholarships that paid for everything, and used tuition money to not have to work during school year. Other students could also apply - there was some application process. [/QUOTE]
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Never disinherit your kid
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