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[quote=Anonymous][quote=Anonymous]My parents are in their mid 70s and I’m 40. They are quite wealthy as in ultra high net worth. I’m sure I will inherit a large sum but we are very focused on planning for ourselves. What I do inherit will likely benefit my children and someday my grandchildren. My parents never inherited a meaningful amount of money. My parents have already been very generous so I’m very lucky. [/quote] If your parents are “ultra high net worth” they shouldn’t be leaving it all to their children. A percentage should skip the children and go directly to the grandchildren in individual trusts. Helps with the children’s eventual estate taxes too. [/quote]
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