About Uncle8888's late father and his late father-in-law
How much money they leave behind for others to spend?
Uncle8888's late father leave behind a few thousand dollars that he has been saving up (actually he refused to spend) probably to leave behind something. For Chinese, leaving behind nothing is bad luck to future generations.
Uncle8888's late father-in-law, a typical China man leave behind for his three sons only and four daughters get nothing.
- 4 room HDB flat.
- 4 Joint Bank accounts for his three sons and his wife. One account each.
- 4 Gold bars. One each for his three sons and his wife.
- Portfolio of stocks that were sold at "profit" and distributed among his three sons.
So Uncle8888 will have to decide to become Rich Dad or Poor Dad?
One thing he will not follow his late father-in-law.
In his Will, all three children have equal share upon his youngest son reaching the age of 27. At age of 27, his youngest son should have reasonable work life experience to manage his own affair and his own future.