I can’t quite believe the position we’re in, which I know is incredibly fortunate. I feel bad for even feeling it’s a problem.
However my son has just inherited a large sum, we won’t know exactly how much for a while, but at least £150,000, possibly much more.
Rather than this being amazing news, I’m now worrying a lot about how this will shape the person he becomes.
My background is not an overly prosperous one, in-fact I spent large parts of my 20s and 30s in considerable debt. So I’m finding it hard to process this news and the impact it will have on him.
My questions are, can I postpone telling him until he’s older than 18 (I.e 25) or do I have to tell him once he’s 18? I can’t see how having lots of money can positively impact his growth as a person.
My second question is, do I tell him soon so he has time to process it and let us instil in him what that money will go towards, i.e a house (and it not feel like a huge money splashing celebration when he’s 18). Or do we wait so that he has at least has some time in his life of having to think about how he’s going to make something of his life without having loads of money?
Also, just any general advice on how to handle this situation to ensure he still grows up to be a nice hard working person is greatly received!
I just keep thinking how being a poor student really taught me the value of money, and how he’ll miss that experience. Which is crazy, I should be over the moon for him!
11 year old has inherited a lot of money
Jessica8282 · 19/01/2022 18:25
To comment on this thread you need to create a Mumsnet account.