Reply to If you know you’ll be inheriting a significant amount

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If your parents really had all that much, they would have taken advantage of this era of trumps estate tax exemption to gift to you. Since they havent, to me that means they have something in the five to ten million range. Hate to break it to you, but they could go through most or all of that. My parents' elder care costs 300k per year. Your parents could live another ten to twnety years.

Dont count on it until it is in your bank account.[/quote]

How can one possibly spend $300K per year on eldercare? And even if it somehow were possible, it would likely entail a level of luxury and self-indulgence that most parents would not engage in in lieu of giving money to their kids and grandkids.[/quote]

You don’t know what you’re talking about. Do the damn math. I could show you receipts from the elder care company. [/quote]

It’s shockingly expensive. I spend about $300k per year for 24x7 care for my mom. It started as daytime only. I believe that it’s her money that she and my dad saved and should be sent on keeping her comfortable and with dignity. There is something ironic about it given how frugally my parents lived their lives. There should be money left over but I certainty am not banking on it.[/quote]

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