Teach the 12 year old to take care of herself.
By 12, she should be able to survive in the wilderness. My grandfather was living independently by the time he was 8 years old.
I fully agree, unfortunately I can’t seem to get that concept thru to my wife. She grew up very poor and is determined to do the best she can for our princess. On the plus side I’ve had to be a single parent for a month or 2 at a time while the wife cares for her elderly family, and the daughter gets a reality check.
Muzzies are married by that age.
The answer is somewhere in the middle here. Perhaps somewhat in the mom’s direction. But planning to die with zero is cruel to her kids and grandkids. She needs to remember that her money came from inheritance and life insurance.
While she has the right, the mother seems devoid of motherly instinct and compassion.
Bkmk
As it is said, “expectations are deferred resentments”.
As it is said, “expectations are deferred resentments”.
SET UP AN ANNUITY FOR KIDS IN A SITUATION LIKE THIS.
THEY GET WHATEVER SET AMOUNT IN WHATEVER TIME FRAMES YOU WANT.
KEEPS THEM FROM BLOWING A LOT OF $$$$$$$$