DEAR ABBY:<\/b> I am an 80-year-old man who is recently retired and in relatively good health. My wife is about the same. We recently received a request from our son, who is 50, for his share of the inheritance now rather than later. It came as a shock. He is selling his company, which is valued at $7 million to $8 million. He tells me he is cash poor, which affects the leverage of his sale. <\/p>\n
While we have the money, we would have to empty our savings and cash in some investments. We are not destitute by any means and can probably manage this, but I\u2019m wondering if I should be offended by the question of an advance inheritance. I\u2019ve never dealt with this before and wonder if you have any thoughts about the propriety. Should I involve my other children? It affects them, too. — TAKEN ABACK IN TEXAS\t<\/p>\n
DEAR TAKEN ABACK:<\/b> The people you should involve in this decision are your lawyer, your CPA and your financial adviser. I hesitate to advise you to involve your other children at this point for fear it will start World War III.<\/p>\n
Dear Abby is written by Abigail Van Buren, also known as Jeanne Phillips, and was founded by her mother, Pauline Phillips. Contact Dear Abby at www.DearAbby.com or P.O. Box 69440, Los Angeles, CA 90069.<\/p>\n
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