Reply to Is it reasonable to ask your parents what your inheritance expectations should be?

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[quote=Anonymous]
As a parent, you do your young children no favors by telling them to expect to inherit money.  I've known too many kids who just lost all incentive to grow into their potential because they were going to "get an inheritance".    Even a $100,000 inheritance, which we all know is not REALLY all that much money, sounds like a HUGE HUGE HUGE amount of money to a teenager.   Let them grow up thinking they will get nothing and that they will have to make their own way in the world.

As for your children when they are adults, ditto.  Make them work for their success, it's good for them.

As a parent, be prepared for death.  Have your will, living will, financial info, funeral plans, etc., all ready, organized and paid for.  It's appropriate to let trusted individuals know where those documents are.

As a child, it's appropriate to ask your parents to have their act together so you don't have to scramble around trying to figure out what they owe and whether they can pay it or not, if they are expecting you to be their executor.

If you have special needs siblings and you want them well taken care of, it's appropriate to ask about their plans and progress towards those plans.  If you need to plan to take up the slack, you need to know how much slack needs taking up.

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