How many of you were givin large sums? Trust fund or inheritance. - Page 2

DaveE · 06-07-2006, 03:08 AM

Another liberal from the middle class, no trust fund.

wcc · 06-07-2006, 03:34 AM

Nothing here for me either. GI bill and lots of different jobs got me through college. My Grandma set aside 10k for me and my brother that we never got cause it was used in her care in the end. Oh well, she needed it more than I did. My parents are still here and they've always said that if I get anything it'll be their debt. My wife's family I think may leave us a little something. 25k I'm guessing.

Now, this thread is very interesting cause most won't tell you the truth on this cause they don't want you to think it was handed to them, but actually worked hard for what they got. For example, I know a couple of people that live in a upscale (~500k homes) neighborhood that shouldn't really be there. If you talk to them they work hard and earned every penny.

Icemaster · Icemaster's Garage

I don't have one, both brothers and I got a low 5 figure inheritance from maternal grandmother when she died 12 years ago, was a nice way to start a reirement account.

No trust fund, but the wife and I set one up for the kids in case somethign happens to both of us, it'l put them through college.

svandamme · svandamme's Garage

bastard family(ies) of mine refuse to die
and i'm sure they'll make sure there's nothing but debt left when they do ( mind you , that's my plan as well )

id10t · 06-07-2006, 04:45 AM

My dad spent his last few years on sick leave - 30+ years as an instructor, never was out sick. Used it all up, retired one weekend, died the next. Will left it all to Mom, who took his retirement fund, split it in half, and gave half to me and half to my brother with the stipulation that it is used for a house downpayment.

Ever see a realator's face when a long haired bearded hippy guy says "Yeah, I've got about 60k for a downpayment on a 100k house..."

turbo6bar · 06-07-2006, 04:46 AM

Which option for 9 figure inheritence?

lendaddy · 06-07-2006, 04:49 AM

Quote:

Originally posted by turbo6bar
Which option for 9 figure inheritence?

Option five, become Lendaddy's best friend j/k

svandamme · svandamme's Garage

Quote:

Originally posted by lendaddy
Option five, become Lendaddy's best friend j/k

i'm not interested in your Congolese currency mate... other then burning in a stove , it's more or less worthless paper... allready told you that ...

lendaddy · 06-07-2006, 04:58 AM

Currency of the Congo? I must have missed something.

techweenie · techweenie's Garage

No trust fund. Inheritance from parents was zero dollars; a few old photos.

svandamme · svandamme's Garage

Quote:

Originally posted by lendaddy
Currency of the Congo? I must have missed something.

a nine figure number in Congo, requires a donkey to carry around, and is worth about as much as an airline bag of peanuts...

they measure money with a scale there ... they have had a bad run of inflation

lendaddy · 06-07-2006, 05:07 AM

Quote:

Originally posted by svandamme
a nine figure number in Congo, requires a donkey to carry around, and is worth about as much as an airline bag of peanuts...

they measure money with a scale there ... they have had a bad run of inflation

Ahh, it's early here.

jyl · jyl's Garage

Parents paid for education. Nothing else, but that was plenty.

widebody911 · widebody911's Garage

Zilch from the grandparents, and not anticipating anything from the parents - haven't even spoken to them in 10 years or so. They didn't pay for my education, either - they threw my ass out when I was 18 and that was pretty much it.

Paul T · 06-07-2006, 05:47 AM

Well, my grandparents did not have a ton of $$, but my grandfather (God bless him) bought a 57 speedster sometime around 1970 for just a couple of grand, which I inherited when he passed on.
I suppose that's worth 5 figures, but to me it's priceless and represents every great memory that I have of my grandparents, as well as was the foundation for my lifelong obsession with Porsches! I wouldn't cash it in for any sum.

lendaddy · 06-07-2006, 05:51 AM

Quote:

Originally posted by Paul T
Well, my grandparents did not have a ton of $$, but my grandfather (God bless him) bought a 57 speedster sometime around 1970 for just a couple of grand, which I inherited when he passed on.
I suppose that's worth 5 figures, but to me it's priceless and represents every great memory that I have of my grandparents, as well as was the foundation for my lifelong obsession with Porsches! I wouldn't cash it in for any sum.

Very cool. My Grandpa gave me his '80 Westy, it's not *quite* the same but I know what you mean.

RickM · RickM's Garage

Quote:

Originally posted by techweenie
a few old photos.

My immigrant parents worked their butts off, saved, invested and did very well for themselves. Mom left us a couple of years ago and dad is currently dealing with Stage 3 Prostate cancer.

Needless to say dad and I have had quite few heart to hearts over the last few months. (At 79 he's become more vulnerable and in need of a shoulder to lean on). A project that keeps him in good spirits is us going over and documenting (scanning) old photos, family recipes, movies and working on the family tree. It sure feels good to reminisce over the good times.

He often asks me what I'll do with the inheritance and I tell him it's not the kind of money I look forward to receiving.

id10t · 06-07-2006, 06:02 AM

Paul T- I got my 356 the same way. Been in the family since new, was supposed to go to my brother but he didn't want to deal with the "troubles" of a 40 year old car.

sewell94 · 06-07-2006, 06:14 AM

My dad died when i was about 4 or 5. He had a 68 vette, 69 camaro, 57 chevy, a 70's montecarlo, and a bunch of tools. My parent were divorced so my mom signed over my/her rights to my grandfather who was supposed to take care of everything. My grandfather auctioned everything he owned off. Supposedly he started a trust fund for me. My grandfather died a few years back. Noone knows where any of the money is or was. I did find an insurance policy in Pa that was demutialized, i have put a claim in for through my grandfather, but still haven't heard anything back. I'm not so sure if i do want any money from an inheritance, at this point would seem to much like blood money to me. To have those cars sure should would have been nice(and fun).

legion · 06-07-2006, 06:20 AM

My father left me some money (4 figures), but his debts currently exceed the size of his estate. Considering all the debt I have incurred managing my father's estate...I'll be lucky to get back to zero.

My mother pissed away her 401k and is living paycheck to paycheck...I'll be responsible for caring for her later in life.

My sister and I are my grandparents only grandchildren. They have money, but live very frugally. I don't know if I'm in their will or not, but if they leave money to my aunt and mother expecting some of it to make it to my sister and I some day....I will never see a dime.

I fully expect not to inherit a single cent from anyone.