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newdiva1 
Elite Member
Joined: Dec 15 2006
Location: meh
Status: Offline
Points: 238761
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 Posted: Aug 22 2014 at 8:13am |
 PurplePhase wrote:
land should always stay in the family.
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IA. smh. gubberment got it when big mama passed. we were all hurt and pissed that she let "The Man" get it.
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Merin
Elite Member
Joined: Mar 19 2008
Status: Offline
Points: 24504
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Posted: Aug 22 2014 at 8:38am |
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H and I are both getting our parents houses. They are currently worth about 1 Mill each.
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newdiva1
Elite Member
Joined: Dec 15 2006
Location: meh
Status: Offline
Points: 238761
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Posted: Aug 22 2014 at 8:51am |
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*sips haterade*
just kidding. may I ask what city/state or country?
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callmeDEva
Elite Member
Joined: Aug 02 2010
Status: Offline
Points: 63482
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Posted: Aug 22 2014 at 8:52am |
naturesgift wrote:
Why wouldn't I leave my kids money? The real issue is passing down values to my children solid steady, educational values on money, love and living... All parents pass down their {money values} to their children if they are positive or negative |
This. It took me years to learn money management. My parents didn't exactly teach me that. Money was always there so I didn't appreciate the value of a dollar. Had they passed any wealth to me after graduating HS, it would have been squandered easy.
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callmeDEva
Elite Member
Joined: Aug 02 2010
Status: Offline
Points: 63482
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Posted: Aug 22 2014 at 8:54am |
PurplePhase wrote:
land should always stay in the family.
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And this. When I acquire the acres of land my grandfather owns, I'm going to put it in my will that my son cannot under any circumstance, sell it. If we don't build a house out there, it needs to be passed down until someone uses it.
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Yardgirl
Platinum Member
Joined: Nov 04 2007
Location: Toronto
Status: Offline
Points: 58591
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Posted: Aug 22 2014 at 2:12pm |
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It is very important to pass down wealth. I see the Syrians, Chinese, Indian and White communities here (in Jamaica) doing it and it's only cemented their position as business leaders. Blacks need to do the same.
Edited by Yardgirl - Aug 22 2014 at 2:23pm
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ThoughtCouture
Elite Member
Joined: Jun 08 2006
Location: southside holla
Status: Offline
Points: 249494
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Posted: Aug 22 2014 at 4:19pm |
PurplePhase wrote:
land should always stay in the family.
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and.you.know.this...
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ms_wonderland
Elite Member
Joined: Apr 05 2009
Location: TTT
Status: Offline
Points: 310272
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Posted: Aug 22 2014 at 6:00pm |
sugabanana wrote:
ms_wonderland wrote:
I wish my mother would and she's definitely not rich. Let her ass even cancel that life insurance policy and I'm putting her in a home. |
WONDER!!!!  |
Lol is it a touchy subject to make sure that is intact? She never got me that Gerber grow up plan I would've wanted.  But nah I already had the convo with her. She would be horrified if my sis or I ended up destitute once she's gone.
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aNgElIc*SoUl
Elite Member
Joined: Aug 02 2010
Location: Why?
Status: Offline
Points: 36014
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Posted: Aug 22 2014 at 6:07pm |
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My grandparents house and land was sold because my greedy ass aunt wanted money. None of the other siblings got anything, she said it was because she was power of attorney. That sounds like bullshyt to me, but they didn't care to look into it so....
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PurplePhase
Platinum Member
Joined: Jun 08 2004
Status: Offline
Points: 232632
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Posted: Aug 22 2014 at 7:35pm |
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my grandmomma wanted to be so sure the land stayed in her/great granddad's family that she wrote my mom out of the will when mom married my dad lol. Just in case something happened to both of them and it ended up in his/dad's family. She willed it to the grandchildren.
Edited by PurplePhase - Aug 22 2014 at 7:36pm
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Passing down wealth to children?
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