If you and your spouse died tomorrow how much would each child inherit?

Anonymous
Anonymous wrote:
Anonymous wrote:There are a lot of financially illiterate people here. Life insurance is not inheritance.


"Inherit" is the wrong word, but heirs do get the life insurance money


No, they don't. Policy beneficiaries get life insurance benefits. If the heirs aren't; the beneficiaries, they don't get life insurance proceeds.

Anonymous
Our four kids would get $1.4 million each. We don't have life insurance because we don't need it.
Anonymous
3 kids. 2 million each plus over 20 million in commercial real estate.
Anonymous
so much many they wouldn't know what to do - jealous yet
Anonymous
2M each

We have 3 kids
Anonymous
About $4M per kid. But oldest 2 will need to deal with guardian issues of minors.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:There are a lot of financially illiterate people here. Life insurance is not inheritance.


"Inherit" is the wrong word, but heirs do get the life insurance money


No, they don't. Policy beneficiaries get life insurance benefits. If the heirs aren't; the beneficiaries, they don't get life insurance proceeds.



Practically speaking, for the majority of people, their life insurance beneficiaries are also their heirs.
Anonymous
Just to introduce a dose of reality into DCUM World of the 1%, the wealthiest 10% of families have inherited an average of $367,000.

https://peoplespolicyproject.org/2017/10/10/the-wealthiest-1-inherited-an-average-of-4-8-million/
Anonymous
1.75 mil each.
Anonymous
They'd divide roughly $60M
Anonymous
Anonymous wrote:They'd divide roughly $60M

May I ask what type of work you and your DH do?
Anonymous
3 kids early elementary and younger
$10M each
Anonymous
about 3 million each
Anonymous
About 1.4 million each, two kids, ages 2 and 4.
Anonymous
Two kids, they would split about 2 M in retirement accounts and home equity and each receive about $2M in insurance.
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