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“But the next time I visited them, Pat was showing off her new emerald-cut sapphire ring.That thing cost more than a down payment on a house!
If you are a widow or widower, you may have faced this scenario more than once.
” Melissa also knows that her father changed his will to let Pat live out her days in the house he’d formerly bequeathed to his children. “If I want to spend my money on the woman I love, that’s my prerogative,” he says.
“I paid for my daughter’s education, and I am putting away money for my future grandchildren.” When told about Melissa’s concerns, he responded: “My children and grandchildren will be well provided for.
Money-talk avoidance seems to be more common among the wealthy, but the taboo exists across all economic classes.
Fanning the flames, perhaps, was the recent buzz over a study suggesting many boomers didn’t feel they owed their children an inheritance.