Posted on 03/13/2019 9:56:31 AM PDT by SeekAndFind
Why doesnt his mum give him her share?
The money is Dr. Bing’s, and his to do with as he wishes. Trusts are drafted to be very specific about trustees and beneficiaries for just these circumstances.
Grandpa’s wise to have included that. Kids are/were stupid to disregard it and do as they please. Grandkids should not expect one penny, kids shoudl not expect one penny.
It’s not what family is suppose to be about. sucessive generations just get greedier and more self-entitled mentality that they deserve everythign they want.
“She who must be obeyed.”
I have mixed feelings about these stories. Why should the grandchild have to suffer because his parents are irresponsible? I don’t blame the grandfather one little bit for feeling the way he does but if I had a great deal of money, which I certainly do not, my inclination would be to exclude the son (or daughter) from the trust, and pass his(her) share directly to the grandchild. That might actually have more deterince for this kind of callous, immoral, and irresponsible behavior. DNA testing would prove whether or not the grandchild was his.
The article cites two illegitimate offspring. Cutting off illegitimate offspring can be a reasonable way to protect the financial legacy - because there may be way more potential heirs, and simply claiming such by anyone he slept with will drain their fortune via legal fees.
That’s also a reason to deny all illegitimate offspring - how many does he have?
“Why should the grandchild have to suffer because his parents are irresponsible?”
Because the trust document (apparently) provided for this specific circumstance.
Shes all elbows. I dont want to shake the sheets to find my girl.
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