Should we leave an inheritance to our kids or donate to charity?

Hi there,

This is quite a personal decision and there's no one-size-fits-all answer. However, here are a few things you might want to consider:

1. Your Family's Financial Security: Do your kids have stable jobs and financial security? If they do, they might not need your money as much as a charity. But if they're still finding their footing, your inheritance could be a safety net.

2. Your Values: What causes are you passionate about? If there's a charity that aligns with your values, you might find it fulfilling to leave money to them. But if passing on wealth to your family is a strong cultural or personal value, then that's meaningful too.

3. A Balanced Approach: Who says it has to be all or nothing? You could also consider dividing your estate. Some for your kids, some for charities of your choice. This way, you're supporting both your family and the causes you care about.

BearSavings' "Savings Goals Tracker" can help you visualize and plan this out. You can set different savings goals for each recipient, and track your progress over time.

Remember, it's your money and your decision. Talk it over with your family, and maybe a financial advisor, to make sure it aligns with everyone's expectations.

Hope that helps you make your decision a little bit easier. Remember, no matter what you choose, the fact that you're thinking about this shows your heart's in