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

[Balgoresboy]

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.

If I had it I would give my kids everything. Both before and after I die. I don't really understand the idea of them having to work for their own if I can give them a good life. Same with the keeping them away from drugs thing, kids from all backgrounds can get involved with drugs.

DD would use my non existent wealth to buy herself a small holding and live happily in the countryside.

I suspect that a lot of extremely rich people worry about the effect of too much wealth on their children. There are plenty of examples out there of lives that very few people would want their children to end up leading, Paris Hilton for instance. I'm sure that there are plenty of people out there who have inherited lots of money and lead useful and fulfilled lives, but it's still a valid worry that you could ruin your own child's life by leaving them a huge sum of money.

''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.''

yes that is what I am getting at I suppose. And yes whilst Craig did work for his money he still earned far more in a year than the average person and even many celebrities could in a lifetime's work so I find it a tad hypocritical when celebs go off on this tangent when they say they want their kids to work for their money.

Cos let's be honest, he didn't really work that hard for his fortune himself. Put him in a nurse's job or minimum wage Tesco job etc.

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

but movie stars like him earning 10-15 million a film can't really give that lesson as what they got was a great and elusive opportunity. So they can't really give morality lessons when their own salaries are unfair and greedy.

but movie stars like him earning 10-15 million a film can't really give that lesson as what they got was a great and elusive opportunity. So they can't really give morality lessons when their own salaries are unfair and greedy.

That's not a very meaningful comment. By what metric are they unfair and greedy? Or, put another way, where's the line –at what point does what you consider a fair salary become unfair? And why do you (or anyone else) get to decree that?

''That's not a very meaningful comment. By what metric are they unfair and greedy? Or, put another way, where's the line –at what point does what you consider a fair salary become unfair? And why do you (or anyone else) get to decree that?''

Do I even need to answer that question? Actors getting 20 million a film when nurses, saving peoples lives can't even afford homes in the UK.

The actress Kathleen Turner summed it up brilliantly when she stated it was ''immoral..“How much money does a person need?”....“You can only live in one house at a time. Perhaps they could designate that the studio pay a portion of the fee to an organisation or an educational institution.”

@Balgoresboy

''That's not a very meaningful comment. By what metric are they unfair and greedy? Or, put another way, where's the line –at what point does what you consider a fair salary become unfair? And why do you (or anyone else) get to decree that?''

Do I even need to answer that question? Actors getting 20 million a film when nurses, saving peoples lives can't even afford homes in the UK.

The actress Kathleen Turner summed it up brilliantly when she stated it was ''immoral..“How much money does a person need?”....“You can only live in one house at a time. Perhaps they could designate that the studio pay a portion of the fee to an organisation or an educational institution.”

Something I say a lot!

All these super rich people owning houses/mansions all over the world that are probably empty for 2 years at a time.

What's the point? Tax breaks I guess

We need to stop comparing everything and everyone to nurses... Including world famous actors whose films are released all around the world (bar few countries) and with that go number of contractual responsibilities.

@YesIReallyDoLikeRootBeer

Bill Gates has said he will "only" be leaving his 3 kids $10 million each.

I thought he's said only 1% between them, sounds mean, until you do the sums! $130 bn, so that's $1.3bn between them! WIll have changed maybe since his split though.

We need to stop comparing everything and everyone to nurses... Including world famous actors whose films are released all around the world (bar few countries) and with that go number of contractual responsibilities.

Yes, this exactly. Being relaxed about a handful of people earning movie-star money does not prevent nurses from being paid better

I don't think any of us know how much money, or time or other support, DC might give to charity or education.

But on the main point: I still don't think it's a problem to give your kids some support, but not cushion them completely from financial realities. Regardless of what you yourself earn. Partly as, as I say above, none of us know the financial ins and outs of DC and other people we perceive to be well off.

So they can't really give morality lessons when their own salaries are unfair and greedy.

As with football players, should they only take a few thousand and let someone else get mega-rich on their backs? When a film grosses millions and millions it is partly because of the star(s) and it is right that they should profit from that.

I don't see it as an issue. He probably comes across a lot of very rich kids with no purpose in life, surrounded by hangers on and on a downward spiral. are the Beckham kids Brooklyn may have had a stellar education but doesn't really appear to have goals or a purpose, same with their other boys.

If I was that rich I would give them the best education I could, buy homes (not lavish but nice), pay for driving lessons and a first car. After that they would have to make their own way in the world. For many people saving for a deposit or paying a mortgage is their biggest expense so if I could I would take care of that. The best thing I would be able to give them would be my time though, especially whilst growing up.

A big concern for me is that whilst dh and I came from working class families that struggled at times we now have good jobs and a middle class lifestyles. I worry that they won't have the same drive we had to succeed so am reluctant to give them things on a plate. So whilst I will cook for them when away at uni, I don't plan on paying towards accommodation fees (get a loan like I did), they will be able to stay home if they would like. I also won't be paying out for house deposits or towards them, I expect them to do the hard graft we did but would of course allow them to stay at home inorder to save. Noone owes you anything in life, even your parents. I want to raise them with a good work ethic and will always be available for support but they will need to make their own way in life.

The other thing about Bill Gates is he plans on leaving the rest of his money to foundations and research to help cure diseases so no matter wh as t his children get it's not a bad thing!!!

He bought his oldest daughter a house whilst she was at Warwick Uni

With no mortgage over your head from your early twenties she's already got a big weight lifted off her shoulders

Don't believe everything you read

I am all for nurses being paid more, but they are paid by NHS government funding and film making is a totally different (private sector) business. A known actor makes them money and they factor this into their contract cost (among other things). It's just not comparable.

Also, he is James Bond. Of course he is paid well. They are a huge box office success. Most films made aren't.

I think Hugh Grant stated similar as he doesn’t want his children to be trust find kids

DC is very wealthy I’m sire his children won’t be struggling to pay rent in a run down flat but he will want to encourage a responsible work ethic which is positive

It's very common amongst the wealthy if the media are to be believed. When you're super wealthy 10% of your parent's assets could be 10s of even 100s of million.

If you have a large mortgage free house, the best education that money can buy and say a couple of million of inherited cash do you really need much more?

Didn't Gordon Ramsay famously say that on family holidays, his kids fly economy when they reach age 12ish while the parents fly first class to try and keep them normal? Even though the Ramsays and Beckhams are close friends, the kids seem to have turned out very differently.

Completely understand why someone in that position would want to help their kids financially but not to the extent that they never have to even think about money. Especially if you weren’t born into millions yourself, and had working parents etc.

As others have said, there’s a difference between gifting your adult children financial security by buying them property outright and leaving them millions and millions. Also how lovely to have the freedom to essentially explore any career you want by being in that position - you could be an artist or a writer, or just really have time to explore your passions in life rather than having to work a potentially stressful job with long hours to cover your mortgage/bills. It’s a real gift. He might still want them to work and build careers, without being trust fund kids who spend their days twiddling thumbs and spending money for the sake of it.

''We need to stop comparing everything and everyone to nurses''

nurses being just 1 example but there are countless jobs ,both skilled and unskilled, yet still providing essential services who work long hours and get a tiny fraction of what Daniel Craig and the likes earn. That was my point, nurses were just 1 example.

My point being is that these are people who work hard and still don't get the money they deserve. Daniel Craig and other over paid celebs generally don't work for the money they earn as they are overpaid so it's bollox him claiming inheritance is ''tasteless'' when he's overpaid himself.

The nurses vs actors argument is daft. It’s not actors fault they get paid what they do and it’s not nurses fault they get paid what they do. Its not fair to say he hasn’t worked for his money. It’s the nature of the beast. I couldn’t give a shot what they earn, but what DOES annoy me is when they preach about things like women being paid fairly whilst standing in an outfit made in a sweat shop by women warming fuck all and being abused.

A lot of footballers do a lot of good with their money to be fair. I don’t know about actors.

''As with football players, should they only take a few thousand and let someone else get mega-rich on their backs? When a film grosses millions and millions it is partly because of the star(s) and it is right that they should profit from that.''

But listen to what Kathleen Turner said, she addressed this. Basically there should be rules so that everybody gets paid fairly but that no one person gets mega rich and make the system fairer. She said there should be rules in place so that the studios could put that money into funding or something. After all we are always hearing how theatre and the arts etc. lack funding in the UK. The same could be done with football clubs as the top payers are totally overpaid.

'' but what DOES annoy me is when they preach about things like women being paid fairly whilst standing in an outfit made in a sweat shop by women warming fuck all and being abused.''

Eh many men and children work in these conditions also if you check.

@Balgoresboy

''We need to stop comparing everything and everyone to nurses''

nurses being just 1 example but there are countless jobs ,both skilled and unskilled, yet still providing essential services who work long hours and get a tiny fraction of what Daniel Craig and the likes earn. That was my point, nurses were just 1 example.

My point being is that these are people who work hard and still don't get the money they deserve. Daniel Craig and other over paid celebs generally don't work for the money they earn as they are overpaid so it's bollox him claiming inheritance is ''tasteless'' when he's overpaid himself.

Life is unfair, some things are paid more than others. Use imagination and stop using nurses as a beating stick because it will soon backfire on them

Kathleen Turner didn't exactly get rid of her wealth did she...