Reply to Husband doesn't want to leave our kids much in inheritence

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[quote=Anonymous][quote=Anonymous]We are in the process of updating our estate documents and it has become very tense. Current investments are around $14M and our only debt is $400K mortgage and we will owe income taxes when we exercise our stock options (probably around $1.2M or so in taxes). Bottom line, we aren't going to run out of money based on our current spending so there will be a substantial amount left when we die.

My husband only wants to leave each of our 2 kids $2M each and the rest to charity. My concern is $2M seems like a lot of money, but when you consider inflation, who knows what it will be in 20 or 30 years. He keeps telling me he doesn't want his legacy to be making his kids wealthy.  I am struggling with leaving them such a small percentage of our estate.  Both my husband and I came from very humble background, and he basically wants our kids to have our same or similar struggles in life.  I am at a loss at how to counter this.

Anyone else grapple with this?
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The odds are that he'll predecease you and you can leave everything to the kids. You can separately leave everything in your name to them. You don't even have to tell him. You can write a will after the joint wills are finished and register it at your county court house. The latter will will supersede your earlier will, just tell your kids about it [/quote]

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