I'm a long way off needing to worry about this too much, but as my dc is getting older I'm wondering what other people do in situations like this.
I'm a single parent to a son, I'm lucky enough to own my home outright, and in the (distant) future I plan to downsize to leave me with enough money to buy somewhere small for me to live and to give to my son to buy a small property outright or a decent chunk towards a family home. Obviously, I don't yet know exactly which directions our lives will take us, but I've been considering what would be the best thing to do when I'm ready to move and when my son is ready to buy a home either alone or with a partner.
How would I ensure that my son is able to benefit from having a secure home for the rest of his life, without the risk of losing it if he were to divorce or, God forbid, he were to die early leaving children? Those children may even go on to have half or step siblings to their surviving parent. Is it even possible to make restrictions? Does it make me a horrible person to consider protecting an asset from someone who could potentially bear my grandchildren and would I be setting myself up for a difficult relationship with a DIL, or is it wise to ensure that my son will always have a home for himself and to accommodate his children if I can?
I really don't know. My heart says gift it all with no strings attached and risk that it be lost either to stupidity or someone else, but my head says that might not be sensible. I don't know what my exact AIBU is, just what do other people think is a reasonable choice in similar situations?
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Future money plans for dc
46 replies
NailsNeedDoing · 23/01/2018 21:44
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