Reply to Husband doesn't want to leave our kids much in inheritence

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[quote=Anonymous][quote=Anonymous]I totally understand where you are coming from, but I agree with your DH. I would change it from a flat dollar amount to a percentage though to deal with inflation not could also be the greater of $2M or x% of the estate.

In all fairness I’m having the same struggle as your DH. I don’t want to leave my children much. I will educate them through whatever they want and they will graduate debt free. I’m just not sure beyond that how much of any they should get. We have 3 kids and about $40M net worth. Plus another $10M in life insurance. I expect it to grow but it works out to $17M in todays dollar a piece. No one needs that. DH disagrees on the amount. He wants to leave them comfortable. But he concurs that there is a limit. He would like to leave half to them and the balance to charity. [/quote]

Do you not want to take car of your grandkids and their kids?  With that type of money you can give each kid half and the other 50% to charity.  Set up trusts so education (and major medical) is covered for future generations.

We are in a similar situation.  Right now each kid would get $10M+, but that will grow and has the chance to become $30M+.  If we hit the higher level, more will go to charity, but we believe charity starts at home.  So in that case, we would set up trusts for nieces and nephews kids, etc. to provide for education.  [/quote]

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