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AIBU?

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Original poster

Daniel Craig announcing he isn't leaving much inheritance to his kids

176 replies

Balgoresboy · 19/08/2021 02:51

news.sky.com/story/james-bond-star-daniel-craig-says-he-will-not-leave-children-substantial-inheritance-as-he-finds-practice-distasteful-12384357

From reading this articles and other inheritance posts on mn is anybody else sort of shell shocked that one wouldn't leave their wealth, especially that of Craig's, to their kids?

He calls it ''distasteful'', which I cannot understand as you are providing for your kids when you are gone and talks about giving it all away before he goes. I know it is his money to do as he pleases but unless I was estranged from my kids, most of my assets will/would go to them at the time of my death.

I see another news story too where Tamzin Outwaithe says she and her siblings lost out on her mother's will as it wasn't made properly. Again surely if Tamzin is upset there must have being significant money there so again baffles me how people don't make solid wills.

OP posts:
countrytown · 19/08/2021 09:13

I think his dc will be fine

IrishGirl2020 · 19/08/2021 09:13

As others have said Daniel Craig might not leave all his wealth to his children but they will still a comfortable start in life.

Bill and Melinda Gates have done the same but their children already have plenty of assets - (read recently he’d bought one of his daughters a ranch) multiple homes each, other property etc. So he’s effectively leaving them millions but not billions. They could probably live comfortably and never work again if they didn’t want to but they won’t have a billionaire lifestyle, yachts, private jets etc. unless they earn the money themselves. Sounds sensible to me.

countrytown · 19/08/2021 09:14

too much money can be a bad thing

Benjispruce5 · 19/08/2021 09:15

I understand the concern that if you leave considerable wealth to children that they may not develop their own skills and make their own way in life as tit may hamper their desire and motivation. It’s a tough one. We don’t have considerable wealth and our children are becoming young adults so hopefully we will be around for some time. They will inherit a bit if we don’t spend it all. Grin

Essentialironingwater · 19/08/2021 09:16

I imagine 'not much' to us is not the same to him. I imagine he has/will help them during life too.

My friends parents gave him his first £10m when he was 18 and it completely ruined him - they're now leaving their significant estate to charity and he's made peace with that. Inheritance is not always a positive thing.

thedevilinablackdress · 19/08/2021 09:19

In think the idea that "children" are likely to be left inheritances (apart perhaps from DC's youngest) is a red herring. Most people who inherit are going to be 50+

leopardprintpants · 19/08/2021 09:22

I read this as Craig David 😂😂😂

FreezerBird · 19/08/2021 09:23

My mum (well off but I wouldn't say wealthy) has left everything to her grandchildren, skipping me and my siblings. We've had lots of help from her in previous years, with house deposits (twice) and other smaller stuff. We're all pretty settled but she was always worried about the grandchildren and how hard it is now for young people starting out.

So I think she made a reasonable decision BUT I do think it's important not to overlook the aspect of what your will says to your family. Two of my siblings don't have children and one of them in particular (who gave up a lot to care for mum in her last year's) does feel a little hurt that there's nothing for her. Not about the financial side but the fact she's not even mentioned in the will. Being left some small token such as a piece of jewelry or a picture would have meant a lot I think.

Jobsharenightmare · 19/08/2021 09:26

I agree when we're talking about the very wealthy it's completely different to us regular folk. He has enough money to leave his children something substantial and more than the rest of us could dream of and still give the majority away to make a huge difference to causes close to his heart.

stayathomer · 19/08/2021 09:27

I agree that he's probably given them a pretty good foundation already, you'd assume he's helped them a lot already. You can't win with inheritance anyway, some people will have said he should have given them more, others will say he could have helped so many charities with that money. I hate inheritance issues, someone makes their money and then people decide how to spend it. Here all I hope is that we don't pass on any debt or anything to our children!!!!

TedMullins · 19/08/2021 09:28

@GreenFingersWouldBeHandy

I've never understood the culture of 'expecting' to receive inheritance on the back of other people earning the money in the first place.

Utterly greedy.

And no, I"m not expecting my Mum to leave me anything. I would much rather she enjoys her money during her retirement. She deserves it!

Agree with this. Inheritance on the whole is a distasteful concept that keeps wealth hoarded by the privileged few. Nobody should be rich just because their parents were. It’s slightly different if you don’t have much to leave your kids but he has more than enough to ensure they’re provided for while he’s alive, and do something more meaningful with his wealth when he’s dead. I’d rather see my wealth go to genuine causes for people in need when I died if my hypothetical kids had been financially solvent and provided for (by me!) while I was alive.
DrunkUnicorn · 19/08/2021 09:32

I live for my children. When I pass, I should hope they get something out of it too.

Penners99 · 19/08/2021 09:32

My children will inherit nothing

larkstar · 19/08/2021 09:33

He's not called 0.07 for nothing.

igelkott2021 · 19/08/2021 09:35

I hope that Daniel Craig does something useful with his money. People moan about inheritance tax, but if you spend/give away most of your money before you die, there isn't that much to pay, and I dare say he can squirrel a bit away to cover any care fees he may have.

Even if he gives his kids "only" one million each, that will set them up for life.

LookItsMeAgain · 19/08/2021 09:37

@Balgoresboy

''I heard he is planning to leave it to Minnie Driver.''

she is such a huge star that she doesn't need it. Don't you remember her in the 90s?? Nah me either. xx

You don't remember Grosse Point Blank??? Shame on you Grin
Bobmonkfish · 19/08/2021 09:38

Daniel Craig is mega rich, his kids will be fine even with a reduced inheritance. I admire celebs who insist their kids stand on their own two feet financially.

Bobmonkfish · 19/08/2021 09:41

I agree GreenFingers. Am so glad my parents spent their money on amazing holidays together while they could.

lottiegarbanzo · 19/08/2021 09:54

I heard he snogged Minnie Driver and she gave him the crucial contacts and that allowed him to break into the big time (eventually, he was a bit of a slow starter). No?

After all, though younger, she was a MUCH bigger star in the 90s.

Paulinna · 19/08/2021 09:58

Celebrity offspring don’t need money when they have connections. Look at the Gallagher kids modelling even though they look like potatoes. Talentless Jaden Smith being cast in films because of who his dad is. Etc.

ChipButties · 19/08/2021 10:01

I don’t get this inheritance demand. I encourage my parents to spend theirs and enjoy it whilst they’re alive rather than worrying about saving it for us - so that I can what, worry about leaving it for my DC? People are so grabby with inheritance. It’s up to Daniel Craig what he does with it and if not leaving it to his children means they find their own way in the world then so be it.

WeAllHaveWings · 19/08/2021 10:02

Pretty sure Daniel Craigs kids won't be struggling saving for a house deposit from a minimum wage job and will be absolutely fine without another massive inheritance on top of their already privileged lives. This is a non story.

IntermittentParps · 19/08/2021 10:10

They don't usually give it all away themselves though do they. It's okay for them to have 100m in the bank but not the kids.

I assume DC's kids are benefiting from his money while he's alive in terms of a nice place to live, good standard of living etc.

It's a gift to your kids to show them that you have to work for things.

Bawse · 19/08/2021 10:11

Sounds sensible to me, I think a lot of people with massive inheritances become lost – it would be a weird life just having every possible whim catered to with no input of your own and nothing to strive for. I’m sure they will be comfortable enough without the entirety of his fortune.

MrKlaw · 19/08/2021 10:12

if you're wealthy, your kids grow up in a wealthy household. Their baseline is not the same as those from less wealthy households. They'll also presumably get financial and other support as they grow up - even though they need to get jobs etc there is a safety net there assuming the parents aren't literally the bootstrap type.

So by the time it comes to inheritence, they've likely already had more financial support than most normal families would get in a lifetime and so they're not likely to be suddenly left destitute because of it.