Reply to Is it reasonable to ask your parents what your inheritance expectations should be?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Is this an American, rabidly individualistic and independent thing? Posters on this board always respond MYOB when it comes to multi-generational money matters. I do not think that is responsible. But I'm French, and family money is just that - it belongs to the family and should be discussed.[/quote]

it's not family money, it's the parents' money!  they can plan ahead and avoid taxes without divulging how much they are leaving to whom.  and why should everyone get to compromise on THEIR money?  they should be able to divide it as they wish.[/quote]

There is a legal and cultural difference here. NP here, not from France but another country where your assets DO go to your children when you die. If your spouse is alive at the time of death, half goes to spouse and the other half is split equally to your children. You can't cut them out and leave everything to your pet dog.

Now I still think the living have a right to do with their funds as they pls (including spending every last cent) and think it is not acceptable to ask "how much for me?" Or any variation.
However, it's wise to ask about estate planning and where important docs are located. And we have asked specifically about plans for an adult sibling who relies heavily on parents for emotional and financial support.[/quote]

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