US EditionDear Abby: I’m hurt by what my son asked us to do with his inheritance
The son, aged 50, is selling a $7 million to $8 million company but is cash poor and lives with his addicted family in his elderly parents' home, prompting their financial concerns.
- An 80-year-old recently retired man and his spouse received a request from their 50-year-old son to receive his inheritance early.
- The son plans to sell his business, which is estimated to be worth between seven and eight million dollars, and mentions that he has limited cash on hand, diminishing his negotiating power in the transaction.
- The parents are not destitute but would need to empty savings and cash investments to manage this request, though they believe they can probably handle it.
- The man feels uncertain if he should be offended by the advance inheritance request and hesitates to involve other children, fearing it could cause severe family conflict.
- The advice includes consulting a lawyer, CPA, and financial advisor before deciding, highlighting the need for careful professional guidance in this situation.
15 Articles
15 Articles
Chicago Sun Times
Dear Abby: Elderly couple receive a bold request from their son
DEAR ABBY: I am an 80-year-old man who is recently retired and in relatively good health. My wife is about the same. We recently received a request from our son, who is 50, for his share of the inheritance now rather than later. It came as a shock. He is selling his company, which is valued at $7 million to $8 million. He tells me he is cash poor, which affects the leverage of his sale.While we have the money, we would have to empty our savings …
Dear Abby: Elderly couple is shocked by a request made by their son
DEAR ABBY: I am an 80-year-old man who is recently retired and in relatively good health. My wife is about the same. We recently received a request from our son, who is 50, for his share of the inheritance now rather than later. It came as a shock. He is selling his company, which is valued at $7 million to $8 million. He tells me he is cash poor, which affects the leverage of his sale.
The Mercury news
East Bay TimesDear Abby: They say rude things about my fast walk, and it annoys me
DEAR ABBY: I have a fast walk, and since I have been working as a housekeeper at a hospital, I often get comments about it. Related Articles Dear Abby: I’m just trying to have a nice holiday dinner, but people’s feelings get hurt Dear Abby: Should I tell her about these letters from her husband? Dear Abby: I think it’s rude to talk about kids in front of non-parents Dear Abby: He’s…
Dear Abby: I’m hurt by what my son asked us to do with his inheritance
I am an 80-year-old man who is recently retired and in relatively good health. My wife is about the same. We recently received a request from our son, who is 50, for his share of the inheritance now rather than later. It came as a shock. He is selling his company, which is valued at $7 million to $8 million. He tells me he is cash poor, which affects the leverage of his sale.
The Berkshire Eagle
The Post and CourierElderly couple receive a bold request from their son
DEAR ABBY: I am an 80-year-old man who is recently retired and in relatively good health. My wife is about the same. We recently received a request from our son, who is 50, for his share of the inheritance now…
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