"Intergenerational wealth is so interesting and so fraught with pitfalls."
That's for sure! I know so many families who have been torn apart over estate issues. In one instance, there is much ill-will over a teapot collection, of all things. I'm so glad my sister and I are such good friends and on the same page about all the important things.
yep, my brother and I did fine with our mother’s not-generous estate. As for her “ stuff” —he can have it! as it turns out, I think a fair amount of her furniture is still in her house that we sold to our cousin.Originally Posted by rosarugosa
I have to admit, sadly, that the heirs in my family have not been good stewards of their gifts. I feel that the hard work of people who died with money to give wound up having it squandered, badly. In some cases, the gift became a curse to the beneficiary. I don't know how you prevent that from happening. I guess you can't. Relatives who scrimped and saved, only to have their life energy dishonored.
"Do any human beings ever realize life while they live it--every, every minute?" Emily Webb, Our Town
www.silententry.wordpress.com
That's really sad. I think it can help to have role models who did well with the gifts. My mom was great with her inheritance, basically building it and managing it well and passing it along intact. I definitely think of my inheritance from her as family money that I need to steward and pass along. I think of my granddad, buying a property out in the country in about 1915, and then having it take care of his three children, and then having five of his grandchildren inheriting it over a hundred years later. I guess it remains to be seen what we do with it, but I really want to honor them and how they handled money with what I do with it. I'm kind of in awe of them for being such good stewards.
Seems like every week, we get estate planning companies free dinner offers in the mail. Many are at really good restaurants so it is tempting but I know it is just another lawyer money grab. I don't stress too much about leaving money for DD and grand-twins. The other grandparents are well off and will see they are all looked after monetarily. I figure if I can figure out how to mostly navigate old age ups and downs and take that burden off them, that is worth something.
It appears that King Charles’ cancer is terminal. He will be making a public address later this month. Presumably, he will bring comforting words to all and will be doing his best to stabilize the monarchy. It’s been a rocky time in his brief tenure.
Prince Harry is gonna lose his title, you wait and see. But it probably will not be his father who removes the title.
I’m sorry for Harry. I know it’s always easy to blame “the woman “in these situations, but it really is Megan Markles’’ vision of the glamorous Hollywood life that led them down this garden path to where they are trolling for money now.
Last edited by iris lilies; 4-11-26 at 10:38am.
For anyone who isn’t aware of what’s going on with Prince Harry and his wife Megan in Montecito, California, this is what happened in 2025 that signal a downfall:
* they quietly closed the charitable arm of their operation. It never brought in much more than $1 million a year. That is paltry for a do gooder organization of the scale they envisioned
* all of their entertainment productions bombed. Netflix severed their relationship. Spotify had already kicked them to the curb.
* Meghan Markle’s lifestyle brand of home goods bombed despite her many claims of being a success. Too many reports of unsold product surfaced that countered her claims.
* their relationship with WME quietly dissolved. They had talent representation with Ari Emmanuel of WME, the king of public relations for celebrities in Hollywood. There had been rumblings of Megan acting against professional advice multiple times. In 2026 a scathing article about them came out in Variety and that never would’ve happened if they had been represented by Emmanuel’s team.
* Harry had a nasty public break up with a charitable organization serving African children that he founded many years ago.
* Harry Continues to fight media in UK courts and I can’t tell how that’s going. Doesn’t seem to be positive for him from what I could tell.
* Harry continues to be estranged from most of his family and doesn’t speak often to his father, although they did have a quick summit meeting several months ago that lasted 20 minutes. There are rumors that Harry wants to return to the UK and public life as a royal, but no one knows if that’s true or if he would even be allowed to come back.
* Harry and his brother, the future King of England, do not speak. This does not bode well for Harry given King Charles’ health.
Wow, I had not heard that. Is this accepted news, did he make some statement about it? Poor guy.
there’s a tale being told over on the Mr. Money Mustache forums about an estate of $1 million and how the owner wants it doled out to six people over their lifetime. The person on MMM telling the tale is supposed to be the executor, but he doesn’t want anything to do with that role— too many headaches with almost guaranteed family strife.
As one wise MMM person says, you gotta add a couple of zeros to that 1 million figure in order to make it worth the headaches of 80+ years of overseeing it in trust.
People have unrealistic expectations about how long money lasts and unrealistic expectations about controlling their money from the grave.
I do not believe he has made a statement that anyone has quoted, I think it’s maybe softly leaked?
There are currently 16 users browsing this thread. (0 members and 16 guests)
Posting Permissions
Reply With Quote