Having read about the many legal and relational issues people face when handling inheritance, I have made the following plan:
After my child’s 20th birthday, whenever I purchase any valuable assets, such as cars, houses, or land, I will have them registered in my child’s name. This will help avoid ownership complications later on. For the assets I currently own, once I turn 65 and am still healthy and sharp, I will consider transferring most or all of them to my child. This will simplify procedures and prevent future issues.
My father also planned ahead regarding his children’s inheritance. He gave me my share when I was 22 and my older brother received his at the age of 20. The remainder of his assets were transferred to my brother when he turned 28.
“My wish is to divide my assets equally, regardless of gender,” he told my brother at the time. “As the eldest son, you are responsible for caring for the family. When your mother and I are no longer around, you will manage the assets and can share them with your sister.”
Because everything was arranged early on, my brother easily took over all the family assets after our father passed away. My mother was able to retire comfortably. When she felt bored, she would ask me to take her to the store to watch my brother and sister-in-law run their business. This lifestyle makes my mother feel happy, healthy, and at peace.
I always tell my brother: “What our father gave me is enough for me to live comfortably. You can keep everything to care for our mother. There’s no need to share your inheritance with me or make things complicated.” However, my brother insisted on keeping a portion to give to my children as a gift from their grandparents.
My children are well-behaved, hardworking, and frugal, much like me and my brother were when we were young. So, I plan to follow my father’s example and transfer everything to my children as soon as they are mature. This will provide them with capital for business and relieve me from managing the assets, avoiding potential complications in the future.
What do you think about my plan?
*This opinion was translated into English with the assistance of AI. Readers’ views are personal and do not necessarily match VnExpress’ viewpoints.
