How should I, at 65, handle inheritance when my children are all inept?

Twelve years ago, my wife left me after I went through a rough patch. I had to raise three children on my own, and now they have all graduated from university and started their careers. Thanks to sheer luck in real estate, I have managed to acquire properties worth billions of dong (VND1 billion = US$39,300).

Currently, I earn around VND100 million per month from renting out three apartments and several rows of boarding houses.

My children, however, bring me much concern. The eldest has moved since a year ago and has not visited me. The middle one always argues with me and acts impulsively, making rash decisions that frequently lead to failure. Our relationship has deteriorated to the point where we cannot sit down and have a conversation. Meanwhile, the youngest is slow and lacks ambition.

In my heart, I want my legacy to flourish in the next generation, but none of my children seem capable of making that happen. Splitting the assets evenly feels like a waste of my assets as my middle child would squander everything, while the youngest might not be able to put it to any use at all. However, giving them all to the most capable one would surely cause conflict.

I am deeply troubled and unsure how to distribute inheritance. How should I handle this?

*This opinion was translated into English with the assistance of AI. Readers’ views are personal and do not necessarily match VnExpress’ viewpoints.