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Eldercare
Reply to "Parents being flippant about inheritance - is it a trend?"
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[quote=Anonymous]I had a friend whose wealthy dad made a big point of spending all his money before he died (or at least trying). He even had a multi-million dollar 70th birthday party where he booked the Rolling Stones and other big acts, and made a joke at the party about how his kids should enjoy the night because it was their inheritance. My friend was comfortable and UMC and of course benefitted from her Dad's wealth in lots of ways in her childhood and teen years. And in the end there was still actually a lot of money, despite his best efforts (at least, it seemed like a lot to me, a normal person). But it's hard to imagine the Greatest Generation throwing themselves a multi-million dollar birthday party instead of using the money to set up trusts to fund their grandkids' education.[/quote]
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