I really want this to be read so I am posting it here in hopes that more will see it. I have witnessed this too many times in my 51 years. People growing older and scrimping and saving so they can leave a legacy to their children. I have never seen it pan out well. My advice is set aside a little something for your children but enjoy your life and if all you leave your children are memories then you have done enough. I have seen multiple families torn apart over fighting siblings who are fighting over everything left.
I have a great aunt & uncle who recently passed away. For the last 20 years of their lives they acted as though they were paupers. When their health began to fail they looked to family members to care for them instead of paying for real assistance. They had one son who had only visited them rarely in 30 years. He had issues in so many ways including drug addiction and had basically run away from his family, children and responsibilities. They left him a sizeable estate of which he had received a small portion of $50,000. He was found dead this past weekend. All indications are he has been dead for weeks. He has no will. Not sure what will happen to the money now.
My advice enjoy your life. Spend your money on you or your family. Spend every penny. Cover your funeral expenses and leave nothing worth fighting over.
I have a great aunt & uncle who recently passed away. For the last 20 years of their lives they acted as though they were paupers. When their health began to fail they looked to family members to care for them instead of paying for real assistance. They had one son who had only visited them rarely in 30 years. He had issues in so many ways including drug addiction and had basically run away from his family, children and responsibilities. They left him a sizeable estate of which he had received a small portion of $50,000. He was found dead this past weekend. All indications are he has been dead for weeks. He has no will. Not sure what will happen to the money now.
My advice enjoy your life. Spend your money on you or your family. Spend every penny. Cover your funeral expenses and leave nothing worth fighting over.