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Reply to "Would you be upset if parent's inheritance went to your kids instead of you?"
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[quote=Anonymous]When both of my parents passed away recently my siblings and I were in our 50's and 60's and we were all well established in our careers. For estate planning purposes, for a few years before they died they did the maximum annual gifts to every child, spouse, grandchild, and great grandchild. When they died most of the siblings elected to allow their inheritance to pass directly to their children because most of us don't need to money at this point in our lives and at our ages we are all thinking about estate planning. So I think it all depends on the individual circumstances. If you have a good relationship with your parents I think it's useful to have a good conversation about estate planning with them so that their wishes can be fulfilled while knowing your circumstance. [/quote]
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