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Reply to "How Much of an Inheritance is Too Much for Kids"
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[quote=Anonymous]My elderly mother is updating her will now. She is in her mid 80s. Her numbers are not as high as the OP but here is her current plan: Her 2 children will each end up with 1- 1.5 million each. We are both in our 50s so this is enough to buy a retirement home without first selling our current home but not enough to not be saving for our own retirement. Each of her grandchildren (late teens/early 20s) will receive $10k at the time of her death and another $40-50k when they turn 40, or earlier for the down payment of a primary residence. Each of her living siblings- $10k Her best friend that has an adult special needs child- $10k Her church- $20k Her pastor- $10k so he can travel to the Holy Land like he has been wanting to do.[/quote]
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