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Reply to "How Much of an Inheritance is Too Much for Kids"
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[quote=Anonymous][quote=Anonymous]We set up irrevocable generation skipping trusts that will benefit our adult children and our grandchildren. We are hoping to use our full lifetime exemptions before it possibly gets reduced after 2025. So it’s a sizable amount! Our kids are very successful on their own and financially savvy and conservative so they will make good use of their inheritance for their kids and their grandkids….I hope. We are generous with them each year with annual gifting as well. What’s left we will either spend or it will go to charity as I have no desire to pay any estate taxes. [/quote] We’ve done much of the same and I’m so thankful that we raised kids who are now adults with children who can handle down the road inheritance. When we spoke with them about it a few years ago one daughter said she didn’t want any inheritance because it meant we were dead and no money was worth losing us. [/quote]
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