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Reply to "s/o How much do you know about your parents/ILs finances?"
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[quote=Anonymous]I am single, and an only child, so just my parents in the picture. I don't know specifics, as they have always been really private about money, but I do know they should be comfortable enough to take care of themselves until they both die. They have indicated I will have a significant inheritance and they also plan to give a large portion to charity. It wouldn't surprise me if it was 50/50, but I have no idea, and I am not going to ask about the split. The charity part is cool and I am totally excited about it. They want me to distribute the charity portion within 20 years and I'll have the final say on where it goes, but I am to follow their wishes for the most part. Based on the little they have implied about amounts, I am guessing the entire estate may be $2-7M, but that's just a guess. And it could certainly change if something goes awry or if there's a major health issue, although they do have LTC insurance. [/quote]
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