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Reply to "Is it normal to have no idea about family money?"
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[quote=Anonymous]If you don’t know about it, consider it gone. $10 million sounds like a lot of money but it’s easy to lose or spend most of it in a lifetime, even if you’re not wildly irresponsible. Spending more than you earn or long term care for an elderly person and poof. If there’s a trust that will be relevant to you, you would probably know about it. When family money changes someone’s young adult life, it’s either inheritance from a grandparent or gifts from a living parent. It’s not so much the prospect of inheritance. [/quote]
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