Posted on 01/15/2023 4:36:57 AM PST by blueplum
In a new interview with Us Weekly, Marie Osmond opened up about motherhood and defended her choice to not to leave her eight children an inheritance.
'Why would you enable your child to not try to be something? I don’t know anybody who becomes anything if they’re just handed money,' the show business vet, 63, said....
....She was filming an episode of The Talk when she noted, 'I think you do a great disservice to your children to just hand them a fortune because you take away the one most important gift you can give your children, and that’s the ability to work.'
The actress explained, 'You see it a lot in rich families where the kids, they don’t know what to do and so they get in trouble.
'Let them be proud of what they make. I’m going to give mine to my charity.'....
(Excerpt) Read more at dailymail.co.uk ...
I am spending as much as possible.
She should know.
Marie has the right of it, in my opinion.
Her kids would just blow it on sport cars and other dumb stuff. She has made a brave decision to force her children to be productive adults and net assets to society.
At this stage she should know.
Who is responsible and who is not.
It does not have to be black and white.
I’m in my seventies - I took every organization that had Chief Diversity Officers off of my will - not giving to any org that will waste it.
The kids can use it.
I'm not handing my daughter a huge payout when I die. She would blow through it in a year. With a trust, her mortgage/car will be paid. She will never go without a roof over her head.
I love my daughter and granddaughter. I like my son-in-law and genuinely hope their marriage will last. With a trust, if they get divorced, he can't claim any of it.
And BTW, no one would have ever heard of Marie Osmond had it not been for the success of her brothers, and that wouldn't have happened were it not for their parents.
If you want strong children, don’t make it too easy for them. It’s a temptation for most parentw, but it is a mistake.
Every set of children is different. What’s important I think is to try to give them all a fair chance at starter adult support to be on their feet degreed and debt-free with a good car & half a down payment for a house where they get a 15 year mortgage with LTV under 80% and no other debts around 23.
I guess passing on great wealth would depend on the children. There are some that would handle it well and others it would destroy.
With modern lifespans, most people don’t inherit any money until they’re nearly ready to retire. Receiving a chunk of money at that age can be very useful.
Leave them a little if you have it, but it is your money not theirs.
“and that wouldn’t have happened were it not for their parents.”
And Andy Williams ;)
“Leave the children enough to do something but not enough to do nothing.” Not sure who said it...maybe Paul McCartney?
The Harkles are prime examples of offsprings who live off inheritances and seem unable to actually work for a living.
What surprises me is that she has EIGHT children. She looks amazing. Even the “work” she’s had done hasn’t made her grotesque.
She’s right...
Welfare (familial or governmental) breeds laziness.
Let’s hope she chooses her charities wisely.
My brother is actually depending on my what my dad will leave all of us and accidentally vocalized it. I told my father to spend every single penny of the money he has worked so hard his entire life to earn, to die broke and I would throw him the most extravagant funeral.
“I am spending as much as possible.”
Me too, the house is in good shape, and there is little enough. After I’m gone take what they need or want, have an estate sale for the rest of my junk. House included. The vehicles run, the house is well maintained. They are all in good professions, and are self sufficient.
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