A parent faced a challenging decision when their daughter approached them about her future inheritance. The family had a longstanding tradition of distributing assets, which had worked successfully for generations.
The Family Tradition
For generations, the family had followed a unique tradition regarding inheritance. Children were given sentimental items and a token amount of cash, while grandchildren had trusts set up for their future. This system aimed to preserve the family’s wealth and prevent one generation from squandering it all.
Past Success Of The Inheritance System
The parent was confident in their family inheritance system and felt it worked fine the way it was. They wrote that “it works for our family and has for a few generations now. My brother blew his trust during the dot com bubble, but his kids still have money for university and to get a start in life”.
An Earth-Conscious Decision
Having contemplated the world’s population issues, the parent’s daughter had decided to remain child-free. She firmly believed that contributing to overpopulation was unwise. This decision led to a conversation about her inheritance.
The Conversation
The daughter approached her parent about her inheritance, expressing her concerns about choosing to remain child-free. The parent responded by proposing an inheritance that consisted of ‘souvenirs from her childhood trips and about $5,000’. This offer was consistent with the family tradition, which had been practised for years.
Comparing Inheritances
The daughter was surprised to learn that her brother’s children would receive substantially more money through their trusts. Feeling that this was unjust, she voiced her discontent.
Explaining Tradition
The parent tried to clarify that the family tradition was firmly rooted and that it was not a matter of fairness. The daughter had already received her trust from her grandmother, and her inheritance was in line with that tradition.
A Difference In Perspective
Despite the explanation, the daughter believed the tradition was unfair, labeling it “ridiculous” and “patriarchal,” even though her trust had originated from her grandmother, not her father.
Maintaining Tradition
The parent, however, remained steadfast in their belief that the family tradition had served its purpose effectively for generations. They reiterated that the tradition was essential in maintaining the family’s financial stability.
Firm Logical Responses
After the parent sought advice from the internet, one commenter explained: “Even if the daughter’s hypothetical kids get an inheritance, it’s not her money, she won’t be getting more or less out of it.
Other commenters took the same approach with one agreeing: “You are not depriving her of anything. She is getting the exact same thing either way.”
Family Praised By The Internet
Not only did commenters agree with the parent’s decision, but many also praised them for their well-maintained family inheritance tradition. One commented: “Honestly, this is a great tradition. People inherit money at a good point in life when they can really use it versus getting a lump sum in their golden years.”
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