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Saturday, May 6, 2023

[New post] The Delicate Business Of Legacy

Site logo image Dick Stein posted: " Tell the truth to yourself: there is no greater opportunity for sadness and anger than when a legacy is involved. Whether you're providing one, getting one, or contesting one, there will be very little in the affair than makes people feel good. I'v" Here All Week

The Delicate Business Of Legacy

Dick Stein

May 6

Tell the truth to yourself: there is no greater opportunity for sadness and anger than when a legacy is involved.

Whether you're providing one, getting one, or contesting one, there will be very little in the affair than makes people feel good.

I've had things left to me after the demise of the original owners. This has included real estate, money, and goods. In all cases I consider myself honoured by the gifts, but I have also observed transactions that seem to have no honour involved.

There are classes of legacy that are legitimate, voluntary, and proper…and those that are vindictive, cynical, and punishing. It is sad to think the latter exist, but lots of people will experience them at some stage of life. You too may be given a stuffed iguana and be told to be grateful and delighted. And then your obvious distaste will be noted with disapproval and hilarity.

Making your will may well make enemies. Whether that affects you is a matter of chance - though a lot of detective novel plots have people murdered because of it. Whether the beneficiaries curse you later may be of no concern whatsoever. You can be sure that anyone who thought they were in the running but finds out they are not will bear your shade ill-will.

Being a legatee may be profitable, but it will likely earn you the hatred of anyone else who is concerned. Figures will be compared, and no amount of sanctimony on your part will make up for a loss of sacred money to them.

If at all possible, do not let others know of good or bad fortune. You will not be respected in either case, and you may be the target of a lot of financial theatre played to extract money from you. There are laws, and there are lawyers, and they will all come into play when legacies are available to pay for them.

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