Posted tagged ‘inheritance’

There IS A Free Lunch! Just Kidding!

September 26, 2020

This past week my mailbox was filled with the usual assortment of political pleas and warnings to increase the fear factor of what will happen if either major political party gets elected.

BUT I also received an envelope that looked like it had a check inside. I tore into the of it to see what I might have won or been gifted with.

Sure enough! Inside there was a check that said in bold letters “Pay to the order of William Wolfe“, and underneath my name was the amount of “Eighty-Four Thousand and 00/100”. It was even written out like us old folks used to do back in the day when we used paper checks with actual ink.

“Must be my lucky day,” I whispered to myself. But then I noticed the other side of the check where it informed me that I was pre-approved for that amount from some bank or company in California.

And then this declaration in even larger and bolder letters than the amount of the fake check.

William, pay nothing until 2050!

Wait a minute! I’ll be 96 years old in 2050…if I’m still alive. So…I guess there is a free $84,000 lunch to be enjoyed. You know that’s not true! Further reading of the fine print revealed that it was a letter from a reverse mortgage company, but the bold print said things like this: Lock in $0 monthly payments, permanently! and Relax with maximum flexibility.

I’m sure the plan works well for some people, but, in essence, it meant that my kids and grandkids would be affected. Instead of the equity from the sale of our home benefitting them after we pass on, the letter was saying to use the equity now in paying for present expenses and excursions.

I read it as another way to pass the buck or, in this case, diminish the benefits for the next generations of Wolfes. Perhaps I’m erroring in my judgment, but it seems that the circumstances of our lives and the consequences of our decisions seem to be sealed in an envelope and mailed down the road for the next few decades. I realize that there are situations where “stuff” happens…sicknesses, lost employment, failed businesses, natural disasters that destroy homes…but there seems to be a growing number of people whose lives are void of pain and agony who are happy to kick the costly can down to some distant “D Day”.

We live in a time where there are those who need to be cared for but also those who don’t care about anyone else. The ripple effect of self-centered citizens shows up in the unwillingness to take responsibility for their near-sighted stupidity. It’s the procrastination of maturity for the thrill of a moment of self-absorption. Kind of like someone who keeps eating high-sugared drinks and candy, but never brushes his teeth. At some point his teeth will begin to show the lack of concern and the cost of his negligence will result in a lot of drilling as the cavities get filled.

So…I’m tearing up the fake $84,000 check and wishing for a good life for my family. AND I can only hope that our culture, likewise, will stop putting the responsibility for being responsible on those we are presently taking on a walk in their strollers.