Reply to If you know you’ll be inheriting a significant amount

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[quote=Anonymous][quote=Anonymous]If you’re just talking about your parents’ personal wealth, like in brokerage accounts and such, you can’t count on or adjust for it at all. For one thing, your parents will hopefully live a very long time. For another you can’t account for long term care, new spouses, scams etc. A lot can happen.

If you’re talking about like &gt;$15m with intergenerational trust accounts and such I think you can take more risks than you might otherwise. It’s a safety net. [/quote]

I’ll give you an example: as we are thinking about having more kids, I know that if we had a child with significant special needs OR one of us had a major health problem that impacted our employment we could a) tap a trust of which we are beneficiaries while our parents are still living/controlling it and b) be pretty confident they would adjust their estate plans to establish, for example, a special needs care trust. So that’s not really “inheritance” but it definitely impacts our planning in terms of just worrying less about having a lot of conservatively invested or cash cushion in case of major needs. [/quote]

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