Unaware Of Parents' Revised Will, Rich Heir Neglects Retirement Planning, Assuming Inheritance Of All Assets

His parents hates his second wife and are not impressed by the amount of debt they have been racking up

Chelsi

• Published in Interesting
• June 27, 2023

They say you shouldn't count your chickens until they are hatched. This simple phrase warns against assuming success without the certainty of it coming true.

As tacky as it is, some people salivate at the prospect of receiving their inheritance. Losing a loved one is a small factor for them because they planned their lives around that sum of money.

A Redditor's dad is a prime example of people like these. OP's mom died when they were 16 years old.

OP's dad remarried two years later. He married a woman his parents did not approve of and absolutely hated.

Having children with her did not warm his parents to his new wife. OP's dad did not foresee this much vehemence from his parents.

His wealthy parents, whose money he has been counting on for as long as OP can remember. OP knows for a fact that their dad hasn't paid a cent into his retirement because he was sure his parents would leave him their estate once they pass.

OP's dad is in for a shock because his parents are entrusting a majority of their assets to OP. Their dad, who has been financially irresponsible all his life, will receive $50k — just enough that he can't dispute the validity of the will.

OP's grandparents made them promise not to share any of their money when they pass

OP intends to keep that promise

However, OP feels guilty because they know how much debt their dad has

Oh, OP can expect an overblown family drama and a lot of time with attorneys if their grandparents do not inform their child regarding his inheritance

Assuming that he will receive nothing is best, that is true

However, choosing not to tell him will only cause OP headache which I'm sure OP's grandparents do not want for their trusted grandchild

But what if they told him to expect it when he was married to OP's mom and he has been operating under that assumption

It is not unreasonable for a child to expect some type of inheritance from their own parents

Will OP's half-siblings receive anything from their grandparents' estate?

It does sound like that OP's dad is being disinherited. If they are worth millions and he is receiving 50k as their, what I assume, only child, he is definitely being snobbed.

If OP's dad gets desperate enough, he will most likely sue OP unless he is forewarned about the amount of money and assets he should expect

Then there is no question, OP has to talk to their grandparents before it's too late

They've probably been monitoring his choices and he didn't meet their expectations

OP had no clue that their grandparents planned on leaving them most of their earthly possessions

The kindest thing to do is to inform the dad about the grandparents' will. OP should talk to their grandparents about it.

OP posted an update several months later

OP's grandparents listened to them and talked to OP's dad & his wife with a lawyer present. Dad's wife didn't react graciously, but OP's dad was more amicable about it.

The will is settled now. OP did receive a disparaging phone call from their dad's wife who then insulted OP's late mom.

She thought insulting OP's late mom would increase the amount of money she would receive in the future. OP threatened to tell on her, which worked.

OP will always have a tense relationship with their dad, but at least they don't have to worry about getting sued. For now, OP can enjoy their time with their grandparents.

Chelsi