What will happen to your wealth when you die?

I'm interested in what other people plan on doing with their money when they leave this earth.

And if you have children, would you leave them money in equal amounts or different amounts?

Who will most of your money go to? I have put 'most' as I plan on giving a bit to charity and a bit to family/friends, but who do you plan on giving the greatest proportion of your estate/assets/money to and why?

 

What about 'spouse and children' and 'testamentary trust'

 

Wife (all), Children (equal), if no child then children's children (not there for a long time but equal also) and so on if no bloodline down then to our parents (if they are alive), siblings (50/50 then equal) and down their bloodline otherwise closest family.

 

Enjoy the wealth

 

Similar but I have seen plenty of instances where one partner passes, the other gets remarried & kids get nothing (as they're adults & not dependents).

This needs thorough estate planning.

 

Split 50/50% my 2 dogs.

 

Children, but you forgot the obvious one.. "The Government", which although tricky to plan for is a possibility in the future and a reality for some people already. E.g. a UK domiciled person living in Australia would pay about 650K inheritance tax on a 2 million pound estate. Rumblings about reintroducing it in Australia for the very rich to start with.

 

Atm I do not have any children, so in heriarchy- it will be my parents (unless I have a partner which by default it will go to her first). If I was single at the time of my demise and my parents are not around, guess it will go to my brother and his wife.

I hope that I have enough brownie points to satisfy the big man upstairs.

 

A bronze statue to be erected at the entrance of the Bidwill Shopping Centre Carpark.

 

Kids hopefully to carry on the businesses.

 

children i voted...

im gonna try to make sure my future kids are educated enough to know how to handle their finances properly.

 

I have no kids and I don't think I ever will. All mine will go to the wife, if she goes first I will make sure it's mostly spent, any remainder will go to nieces and nephews.

 

To my dog. They can have a butler on call. Professional petter. Diamond encrusted dog bowl etc.

 

Single, no kids. Close friends will get $5K each, residue split equally between family (siblings, nephews and nieces) and charity.

 

First my spouse, if I pre-decease her, then my kids in equal amounts and after that my grand kids via Testamentary Trust/s.

 

Didn't see - Not going to die, as an option?

 

Don't care much. But since I don't want the govt (PT) getting their hands on the loot...
Parents, then sister and a bit for brother, then niece.

 

atm would be grandma, an aunt and cousin, a couple of close friends who the money would make a difference to a small amount to folks and brother as they don't really need the money and balance to a couple of targeted recipients. in my family we don't really care too much about inheritance, fully support the idea of any of us spreading it around to whoever we feel is worthy and balance going to the rest of us.

in the future will be wife, kids and the above.

 

And how long would that last with metal prices.

Better to arrange to have a memorial plaque on your favourite pokie.

 

Going to live forever, or die trying?