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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]#RichPeopleProblems

Meanwhile, many of us are stressing that our kids will be able to afford a house someday. I cannot imagine not wanting to leave them as comfortable/safe, financially, as possible. But, you have a different perspective when you grow up poor and have had financial instability for much of your life. Doing well'ish now but those fears never leave you. I guess maybe if I had the money some of you seem to have but that is not the case. So I do not understand the OPs DH and people who agree with him.

If you're at the point where it is multiple millions and think it is too much for the kids, why would you not set up your future grandkids??? If there are no grandkids, remainder can go to charity w/ whatever else you are giving in that regard. [/quote]

Warren Buffet has said he won't leave anything to his kids or grandkids (though one of his kids does run his charitable arm).  Not surprisingly, the attitude is more prevalent among self-made rich people from modest or poor origins vs old money folks (where most of their wealth was inherited wealth).

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Why do people keep bringing him up? He's given his heirs LOTS of money and set them up nicely, even if there will not be an inheritance at the end. Those people have had a running start on life and finances since day 1. [/quote]

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