When a man’s mother passed away, a dispute erupted between him and his three adult kids over their slated inheritance. Inheritance can be a game-changer, easing debt burdens and securing retirement funds.
Receiving an inheritance is a stroke of luck. Surprisingly, just 28% of U.S. adults expect some form of inheritance. Most people have a specific asset in mind when inheriting, like real estate.
A Reddit user, u/One-Sprinkles3801, shared how he sold his mom’s house for $500,000. He decided on a vacation fund and retirement savings. His adult children, expecting a cut, were in for a shock. They hoped to use the money to pay off their hefty college debts.
Despite supporting them financially with books and food, the kids were left with student loan debt. Dad’s refusal to dip into the inheritance money sparked a heated debate. He stood his ground, stating it was his mother’s wish for him to benefit.
Not backing down, the man reminded his disgruntled kids that they would also inherit from him someday. Diane Gottsman, an etiquette expert, backed the father, emphasizing the importance of adult children taking responsibility for their debts.
The Reddit community rallied behind the father, stressing the importance of financial responsibility in adult children. Choices made, debts incurred, should be owned up to, be it student loans or any other form of debt.