Reply to Did you inherit a large amount of money (>$2 million) mid-career?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not yet, but someday we will. When my grandparents passed away, my father declined his inheritance and had it pass to each of his children so I received about $500,000 last year. It was an incredible gift for a young family. My Dad was very successful and I know he and my Mom have set up trusts for us but I'm clueless as to the value and I don't want to see it for many years because it will mean they are gone. But they have already set up very well funded 529 plans for each grandchild and they are very generous with gifts at Christmas. While my parents are very generous they expect each of their children and spouses to work hard and support themselves and we do. [/quote]

Does knowing what's on the horizon change your ambition or what you do with the money you currently earn?[/quote]

It hasn't changed our goals or ambition (siblings included) because we have careers we really enjoy and not just jobs. In terms of the money we currently earn we still save a lot because that's what our parents did and it sure paid off for them. But with the 529's and the annual gifts no doubt there is less pressure on us then for most people but it would be a big disappointment to my parents if they saw us slacking off. [/quote]

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