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Reply to "The “DH won’t use inheritance” thread is the #1 reason I will not give my adult children too much $$"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I bet you would change your tune if you had a large estate. The vast majority of parents prefer to hand their assets onto their children and grandchildren rather than to Uncle Sam or charities or anyone else. What the hell would you do if you had tens of millions of dollars? Just give it all to charity? I don't think so. Get real.[/quote] Exactly. Most people want to build generational wealth. The path to generational wealth is avoiding tax (legally). Families that plan well also raise their children to be responsible, contributing members of society. I am surrounded by such people. We live frugally now, but we have significant assets we plan on leaving to our children one day, and have always taught our children delayed gratification and how to budget and plan. [/quote] +1000 [/quote]
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