Post Image

I remember a conversation I had in my early teens about parents leaving an inheritance for their children. I had mentioned to a friend’s brother that the founder of the church I was born into recently made it known that he wasn’t leaving any money to his children.

Now the man in question had been born poor and had learnt hard work early. He was diligently working as a salesman at a leading shoe company and had put in 10 years of meritorious service when God called him into ministry. He started his mission work at a time when pastors were “church rats” and his faith was rewarded beyond what he could ever have imagined. So I could understand why he didn’t want to leave an inheritance to his children.

Like many parents, he wanted his children to learn the value of hard work, to understand from experience the dignity that is in labour. So he averred that he would give them the best education he could, but they would not become young millionaires. However, my friend’s brother did not understand this way of thinking and refused to agree that it was the right thing to do.

E just wan put those children for suffer.”

The subject of leaving an inheritance to your children is a touchy one. Those who believe in it often quote King Solomon, “A good man leaves an inheritance to his children’s children.” (Proverbs 13:22a). Yet others distinguish between a financial inheritance and the inheritance that is in the form of a legacy.

In days of yore leaving money and property to your children was the expected thing, but in the last few decades, more and more parents are choosing not to.

Like the parents of CNN correspondent, Anderson Cooper, whose mother Gloria is the great-great-great granddaughter of shipping tycoon Cornelius Vanderbilt. In March 2016 the journalist revealed that from a young age, his parents told him he wouldn’t inherit any of the vast Vanderbilt fortune.

“I think my mom and dad both wanted to get across to me that… I obviously grew up with great privilege and was very lucky and was able to afford college and not have student loans and they would pay for college, but beyond that, it would be up to me to make a living,” he said.

Now 49, Cooper started working as early as his teens, as a child model for brands like Ralph Lauren and Calvin Klein. He also saved money from lemonade stands and worked as a waiter in high school. The best part is, he understands the reasoning behind his parents’ decision and actually appreciates it!

“It was important to me and I think important to my parents that I be on my own and figure things out on my own and kind of forge my own path, and I’m really grateful for that,” says Cooper.

Focus on the Family founders Dr James and Shirley Dobson have also been very vocal about the subject of leaving a financial inheritance to one’s offspring.

“We believe that giving large amounts of money to kids who haven’t earned it can be extremely destructive. It can make them unhappy, greedy, and cynical. It detracts from their motivation to trust in God and provides opportunities to give in to new temptations,” Dr Dobson says in his 1997 book, Solid Answers.

Many parents like them agree that leaving money to children is tantamount to digging their early graves, but must this always be the case? Isn’t there a way to allow your children learn hard work and financial prudence, and make their own way in life while enjoying the benefits of an inheritance?

Please share your thoughts in the comments.


You might also like:
This article was first published on 15th April 2017

jehonwa

Joy Ehonwa is an editor and a writer who is passionate about relationships and personal development. She runs Pinpoint Creatives, a proofreading, editing, transcription and ghostwriting service. Email: pinpointcreatives [at] yahoo.com


Comments (8)

8 thoughts on “Should You Leave Your Children an Inheritance?”


  • where can i buy cbd oil in lubbock tx


  • I don’t suppose you know of any online and offline shops that sell these: CBD Capsules Nighttime Formula by JUSTCBD and Delta 8 Disposable Cartridge 1000mg Pineapple Express by JUST DELTA. I am dying to try it out 🙂 Thanks! xx


  • Has anyone been to Inno-Vapor? 🙂


  • Has anyone vaped Drip N Vape Vape Juice?


  • By way of introduction, I am Mark Schaefer, and I represent Nutritional Products International. We serve both international and domestic manufacturers who are seeking to gain more distribution within the United States. Your brand recently caught my attention, so I am contacting you today to discuss the possibility of expanding your national distribution reach.We provide expertise in all areas of distribution, and our offerings include the following: Turnkey/One-stop solution, Active accounts with major U.S. distributors and retailers, Our executive team held executive positions with Walmart and Amazon, Our proven sales force has public relations, branding, and marketing all under one roof, We focus on both new and existing product lines, Warehousing and logistics. Our company has a proven history of initiating accounts and placing orders with major distribution outlets. Our history allows us to have intimate and unique relationships with key buyers across the United States, thus giving your brand a fast track to market in a professional manner. Please contact me directly so that we can discuss your brand further. Kind Regards, Mark Schaefer, marks@nutricompany.com, VP of Business Development, Nutritional Products International, 101 Plaza Real S, Ste #224, Boca Raton, FL 33432, Office: 561-544-0719


  • Good Afternoon everybody ! can anyone advise where I can buy Ra Royal CBD CBD Edible Gummy Fish Gummies 300mg 1200mg?


  • what are the pros and cons of using cbd oil

Leave a Reply

Your email address will not be published. Required fields are marked *