Reply to Im 40 years old and my parents still have yet to discuss in detail my trust fund.

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Reply to "Im 40 years old and my parents still have yet to discuss in detail my trust fund."

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[quote=Anonymous][quote=Anonymous]I think she's not wording it well but it is frustrating not to be able to plan properly.  For example, if there's a large sum coming to her then she might want to reduce her own retirement savings.  She might make different decisions now if she wasn't trying to save for college.  Imagine that she's facing very low performing schools and trying to figure out if she can afford privates and still save for college.  It would be frustrating to learn later that she could have spent more on her kids.[/quote]

Then what happens if she plans for an inheritance and it doesn't come?  Say she hears that her inheritance is $500K and she spends for private school and vacations, etc.  Then her father has a major health issue and only a small part is covered by insurance and when the dust settles and he finally passes and after funeral and taxes, it comes out to less than $25K.  What then?  The point is, that it isn't her money until the pass and the amount is not known until they pass.  So she should not plan for any money and then if she gets a sizeable inheritance, she can alter her plans once she  know how much she will really be inheriting.[/quote]

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