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Money and Finances
Reply to "Financial planning when you know you'll be inheriting a trust"
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[quote=Anonymous]Op - I am in a very similar situation. I have a smaller, $1 million trust that came from my grandparents, which I inherit at 40. Beyond that, I have a share in a trust my parents set up for my brother and me, which now is worth about $10 million, but that's not mine until my parents pass, which will hopefully be a very long time away. I'm a few years and a few kids ahead of you and where DH and I came down was that we save in our 401 k, grandparents have fully funded 529s for the kids, and we don't save much else now. In 4 years, when our youngest goes to K, we will hopefully be able to switch from nanny to au pair and save that 30 k every year. But we also know things happen and we may or may not be able to do that and we are ok with our very small (nonexistent ) saving for now. [/quote]
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