Reply to If you knew you would inherit $6M, would you do things different?

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Reply to "If you knew you would inherit $6M, would you do things different?"

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[quote=Anonymous][quote=Anonymous]Money is so much more useful when you are younger. We inherited some money a couple of years ago at the age of 50. Our kids were already in college/about to start college. We already owned a house etc.

We don’t really need this money as we had saved for college and retirement without knowing we would eventually inherit, and we don’t benefit from it like we would’ve when we were younger (we had some student loans, bought in a not great school district etc.).

I don’t have a direct answer for you but this experience has made us rethink how we can use the money to support our kids while they are in their 20s and 30s rather than just having them inherit it once they are settled and have less need for the money. [/quote]

This. We are thinking about how we can use our money to make our kids live better when they are younger, which we think will actually make their lives better overall. Not saying we don't want them to save or won't leave an inheritance, but maybe the inheritance won't be as big because we paid for school, a house, a car, vacations etc. We want them to then be able to do the same for their own kids. [/quote]

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