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Reply to "Will you and DH get an inheritance? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have no idea and frankly IDGAF, I've made my own way in life. If we get one cool, if we don't, were still retiring at 55. Makes no difference. [/quote] It's not really a concern for me, either. I can see how it might make a difference to someone else, though. If you have ever been poor you know that.[/quote] OP.. same. We are living our lives with the expectation that we receive 0. I know too many people counting on it for their retirement or kids college. [/quote] How can they count on something that they have absolutely no control over? That's the thing that truly boggles the mind. It's their parents' money to spend as they please, it's not their adult children's "inheritance" until the parents passes away and actually leaves something to them after forking over most of it for their care in old age. Even then, the parents might opt to leave their estate to a charity or some random guy named Hank. It is their money. The parents don't owe their kids an inheritance, they are only responsible for themselves. Just as we all are. [/quote] In my case, most of the money is already put into trust so I have a pretty good sense of what I will inherit. The vast majority of the money is commercial real estate, so it’s always possible the DC area devalues and the value of the trust goes down. But my parents won’t spend the corpus because they can’t. The trust gives off about $400,000 of income a year, which my parents do spend. [/quote]
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