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Will you piss away your inheritance when your parents pass away?

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HEyHEY Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:00 PM
Original message
Poll question: Will you piss away your inheritance when your parents pass away?
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Liberal Veteran Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:00 PM
Response to Original message
1. What inheritance?
:shrug:
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SW FL Dem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 06:01 PM
Response to Reply #1
26. I hear you!
I doubt it my mom and step-dad will have much left. I hope they enjoy what they have and use it to take care of themselves. Whatever is left, will be split 6 ways. I already have the things I most treasure, my dad's old family pictures.
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benburch Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:03 PM
Response to Original message
2. I have about $40,000 coming later this summer...
And I'm gonna piss it all away;

$15,000 to pay taxes
$3500 to fix the roof
$8000 to pay off credit cards
$12,000 to pay off the car

Yep. Pretty well pissed away, wouldn't you say?
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HEyHEY Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:04 PM
Response to Reply #2
4. Yeah, but in a good way
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benburch Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:49 PM
Response to Reply #4
21. And not a dime left over
for a lap dance. ;)
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m-jean03 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:04 PM
Response to Original message
3. I have a feeling all I'll inherit is my grandfather's rifle collection

and a cabin in the Northwoods. :-)
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HEyHEY Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:05 PM
Response to Reply #3
5. that's all you really need
hunt your own food, and all that
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m-jean03 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:07 PM
Response to Reply #5
7. No kidding --

Maybe that is what I'll do, when the time arrives. :D
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Don_G Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:05 PM
Response to Original message
6. She Never Had Much
And what I didn't invest in tools, a decent lawyer, reliable transportation, a new computer, glasses, dental work and a roof over my head....

There wasn't that much left to "piss away...."
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RC Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:08 PM
Response to Original message
8. The home took it all
83 Yrs Old
WWII vet
Blind
In a wheel chair
Parkinson's
and the government is trying to take everything he had and leave him with $6000 a year. $3000 to bury him. That leaves $3000 for everything else for a year.

What a country, huh?
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Don_G Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:49 PM
Response to Reply #8
20. The Same Thing Almost Happened To My Aunt
What it made it "easier" is that my uncle suffered a massive stroke at his retirement party the day before he turned 65 and my Cousin was the "Junior."

It took a few years before the Feds finally figured out the difference but "he" was covered, she is too and still retains the Farm "they" built in the Thirties.

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Occulus Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:09 PM
Response to Original message
9. I'll use mine...
...twenty years or so from now (at least a while, I hope!), to pay off my CC and then go to school at Full Sail or Collins or the Chicago Art Institute and learn computer animation. :)

I should still have enough left over to house myself the whole time. Too bad it's not taught anywhere in Michigan, though... I could live in her house while I did it, which I've already expressed an interest to her in having after she's gone.

(She's ok with all of this. Considering my past history with her, that's a bit... odd.)
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DebJ Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:12 PM
Response to Original message
10. Mine will likely be spent in one visit to McD's
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amazona Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:19 PM
Response to Original message
11. inheritance? what's that?
Ha ha. You're funny. :D
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Gothic Sponge Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:21 PM
Response to Original message
12. It's hard to piss away 500 million dollars
so no.

;)
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Momgonepostal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:29 PM
Response to Reply #12
15. who are you, Paris Hilton? LOL
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Gothic Sponge Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:32 PM
Response to Reply #15
17. I'm only joking
My father is wealthy, but i'm not even sure if i'm in his will. We've been estranged for a number of years.
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ayeshahaqqiqa Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:21 PM
Response to Original message
13. My step-father is in a nursing home
and that is eating up a lot of his income. My mother has fallen while at home, and is considering moving to one of those communities where she can have help if and when she needs it. She cried on the phone to me today, saying there would soon be none of their savings left, and none for the kids. I said, "Be glad you have the funds to take care of yourselves now. That's what you saved for, and you know you won't be out on the streets. And that's all that matters."

And you know, that's really the truth. I have a poverty-level job, a husband in ill health, a house with plastic for walls, but I'm not out on the streets. I have the fellowship of my fellow Sufis, a great holistic doctor, and faith that Kerry will be elected President and help us all with healthcare and decent jobs.
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Momgonepostal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:27 PM
Response to Original message
14. Doubt there will be enough to piss away
Edited on Sat Jul-10-04 03:30 PM by Momgonepostal
My mom has a small life insurance policy that should be enough to pay her funeral expenses and pay off her credit card.

She is currently looking into getting a reserve mortgage on her house, so depending on how long she lives, my sister and I will inherit a heavily mortgaged home.

I'm not expecting any great windfall.
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Angelus Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:31 PM
Response to Original message
16. When my parents pass away...
all I'll be getting is a few empty bottles of vodka and a pack of rolaids.
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ronnykmarshall Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:32 PM
Response to Original message
18. No.
My partner's parents are very well off and my step mom is a well, we'll need the money for our own retirement.

My mom and step dad are comfortable and I hope will live a LONG life. My step-mom is in her 50's and hope to have her around for a LONG time as well. Michael's parents are in their 80's and have some health problems, but are feisty and full of life.

So, I don't think we will be getting some $$$ soon. When we do, it's going to be our nest egg for our old age.

Since we don't have kids ....... we're gonna work that $$$!!
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Solly Mack Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:40 PM
Response to Original message
19. My siblings and I signed ours away years ago
Edited on Sat Jul-10-04 03:52 PM by Solly Mack
We have a younger half-sister who is mentally challenged and will need long term care the rest of her life. She will need that money more than we will. We share the same father and he asked us if we objected to his course of action. We did not.

If my sister dies before the rest of us do, then we will receive the balance. Currently my father acts as watchdog to my sister's lawyers. That job will pass to us once he dies.

She's in a private group home.

We aren't talking a huge estate but we are talking about a man busted for insider trading with Eastern Airlines, and who only got a fine. This was years ago.

Yes, he's a republican.

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Union Thug Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:51 PM
Response to Original message
22. Inheritance?
My father was a union printer whose lifestyle was destroyed by the Reagan administration. He's retired, living off social security and what's left of his union won pension.

There's no inheritance other than his old hunting rifles and books.
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DiverDave Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:58 PM
Response to Original message
23. Not much here either.
My Mom is doing fine, and I have no clue as to here financial situation.
My wifes folks are just getting by with his retirement and S.S.
So, no, I wont be pissing away what I won't have.
Which is not really a problem as I have a job and the wife is working too.
We get by.
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1monster Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 04:27 PM
Response to Original message
24. Other... What inheritance? I'm one of nine and we were doggoned
poor. If we hadn't lived in the boonies on a farm where we ate well, and had some rich relatives who gave us really nice hand-me-downs, we would have been super skinny and ragged.

Then agin money ain't everything. It don't make the world go round... It just greases the ball bearing on which the world rolls around.
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Cuban_Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 04:31 PM
Response to Original message
25. With 7 kids, I doubt there'll be a lot to inherit...
My folks are strictly blue-collar.
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tigereye Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 07:33 PM
Response to Reply #25
27. I told my parents that what I really cared about was
perhaps something for my son's college education. But I really would prefer that they are healthy and well.
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ScreamingMeemie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-12-04 07:49 PM
Response to Original message
28. No inheritance here. Just plenty of bittersweet memories that I plan
on hanging on to... :hi:
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VoteDemocratic2004 Donating Member (691 posts) Send PM | Profile | Ignore Mon Jul-12-04 07:51 PM
Response to Original message
29. My inheritance is going to be a funeral bill
Plus burial expenses.
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Bridget Burke Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-12-04 08:13 PM
Response to Original message
30. Mom passed away a few years ago.
Her last year was very hard; there was enough money to see she got got good care. I wasn't the executor & a crooked lawyer was hired, so nothing was left of the estate. Maybe the house could have been saved, but it was out of my hands. Doesn't really matter.

My father died many years ago. I've got the flag he wore to his wake.

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