I thought giving my children an early inheritance would make our lives better… instead it's torn us all apart: SUSAN WAKEFORD
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Do you feel a tinge of jealousy when you hear about people inheriting a sizeable sum of money? Do you picture them living new and exciting lives, all problems solved? Or at least feeling a great deal happier now financial burdens have been eased. A more comfortable life was what my parents had in mind for us when, with years of shrewd planning, they tried to ensure our family benefited from their generosity, love and lifetime of hard work. The trouble was, inspired by their selfless legacy, my husband and I decided to share some of the spoils with our children early.
![[Presenter Anne Robinson, thought to have amassed a £50 million fortune, confessed she's doing everything she can to distribute her fortune among her family before she dies, to keep it out of the hands of the taxman]](https://i.dailymail.co.uk/1s/2024/12/19/22/93325015-14210955-Presenter_Anne_Robinson_thought_to_have_amassed_a_50_million_for-a-122_1734647530423.jpg)
After all, in these challenging financial times, why not help younger adults out now? If we are lucky enough to lead long lives, they'll be less likely to need the assistance at that point. And there's the not insignificant matter of reducing inheritance tax.
Presenter Anne Robinson, thought to have amassed a £50 million fortune, confessed recently she's doing everything she can to distribute her fortune among her family and friends before she dies, to keep it out of the hands of the taxman. It sounds like a wonderful idea all round, doesn't it?.
But let my story serve as a warning. Our act of generosity has driven a wedge between my children, my husband isn't on speaking terms with our youngest son, while my eldest couldn't be more geographically remote if he tried. I can honestly say that the plan has ruined our lives.
