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Reply to "How Much of an Inheritance is Too Much for Kids"
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[quote=Anonymous][quote=Anonymous]Our kids are still school age so it is hard to tell who they will become. DH and I have had a lot of success and have a current net worth of about $40M. We have about another $10M in life insurance. We have 3 kids. No one needs that much money. If you earn it yourself that is one thing, but IMO it is too much to inherit. For now our wills leave our kids the max that is not subject to estate tax. The excess is being donated. As the kids get older we will probably lower the amount in todays dollars. By my estimate if we live into our 80s we will end up with a net worth of $100M+ in todays dollars. [/quote] Totally your choice. But why not help out your kids, grandkids and future generations with a portion of it. And neices/nephews/cousins/etc. We believe charity starts at home and are extremely generous with family. [/quote]
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