In-laws talking to 6 year old about inheritance

She's six. It will be forgotten by tomorrow.

Unless she's one of those mumsnet progidies who can calculate compound interest and can now work out how old she can retire.

The sibling issues I don’t agree with / this is just reality. But I don’t think it is appropriate for young children to know they have been left chunks of money. Or even teens. It can be very destabilising. Of course teach them about money. At 6 this means saving their birthday money etc. Not being told that they have thousands.

ok so it’s your other threads where you are angry at your eldest being sidelined. Furious.

Have they told him the figure? Or just that he’s been gifted?

So how did your 6 year old tell you she has been left? You say she was told the amount t.

yes, she would have found out from cousins.

she is 6/7. Parents still in control as to how it is managed etc. she just knows. What’s the issue then?

Are you angry with your husband for knowing and not telling you?

My parents always spoke to me like an adult or included me in adult conversations such as money, politics, world affairs etc. Obviously there were exceptions. They weren't stupid or insensitive. Anyway, in this instance it absolutely is your DD's right to know and financial literacy can't start early enough. I really do understand your mixed feelings about this, I think any parent would, but your oldest will find out soon enough and basically it's a done deal. This will be an increasing issue with blended families.

Knowing how much they have is an important part of financial education. Money isn’t a theoretical concept, but a reality in her life that she needs to be aware of, and learn to manage.

My parents brought my brother and I up knowing about and being involved in these matters, and it’s served us both very well in life.

Yup. He is correct. To this day, o thank my parents for talking openly about money, and for the education I receive that if I have 100 to last4 weeks; it’s up to me to budget for it to last me 4 weeks.

remember those who say if you don’t know how to be with money, you will be without Bonney Wetherby salary was 100k or 50k pa. True.

So your youngest has been told the figure he will inherit?

or just that he’s been gifted something in the will?

They also should have had your consent before talking about this, or let you do it with your husband.

Having money a lot of money young can also because motivation killer.

Yet another thread where you are very angry about you perceiving your eldest to be sidelined by your in-laws.

How much are we talking here?

You're correct that X amount of money won’t mean anything to a 6 year old , 100k or £100 , but maybe her grandparents were excited that she was getting some money and wanted to share that with her ?

I can understand why you are angry. It was dealt in a tactless way. Your children are too young to know about that sort of thing. I am not saying it should be kept a secret forever but it could have been discussed at a later stage.

Financial literacy for a six year old might involve thinking about saving pocket money for a toy, or working out what change is needed if she buys a chocolate bar at the shop. What OP describes is very age-inappropriate.

YABU - financial literacy is learned from a young age, your DH is right. You have two children with different extended families - things are going to be different for them during their lives, you can’t stop this.

Are you just pissed off that your eldest won’t get anything? This is a tale as old as time that blood relatives / step children are usually ( but not always ) treated differently inheritance wise . It’s not your husbands or his family’s fault that your eldest child doesn’t see her paternal family , nor is it hers granted, but life’s not fair .
I would be thrilled that my daughter will have some money to potentially help her out as an adult .

I think it's way too young for her to be told about. I wouldn't want a precedent set that when people die it's seen as a thing to profit from.

YANBU - your child is six. She doesn't need her head filled with stuff about inheritances and investments ffs!

Unfortunately she wasn’t related so she doesn’t inherit, it may not be fair but that is just how it is. Would you be angry if your 10 year old inherited from sperm donors side and not your youngest?

I suspect op wanted to split it between her two kids. Completely wrong imo.

Your oldest likely won't inherit from your husband's family because they are leaving their estates to blood relations. They can leave their estates how they want.

Did you not think or talk about the differences in circumstances before marriage if you had more children? You should have.

I agree that maybe because of her age they should have not been so open but many families are open about these things and it seems like they are that family. You shouldn’t expect anything for your older child though, the only person you should have an expectation of is your dh.