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][quote=Anonymous][quote=Anonymous]My late-70s parents have about $20 million in assets I know about and more in assets I’m not aware of, so I imagine my two siblings and I will some day inherit at least $2 or $3 million [b]each even if they spend most of their money on care[/b]. But I’m hoping that’s not for many years, and I’m not making financial decisions accounting for it. I don’t think a sudden windfall that gives me more money than I thought I’d have would be a terrible financial hardship to plan around, and I don’t think we’re suffering now because we aren’t spending more. [/quote]

These insane assumptions about care are really something. Imagine an elderly couple spending $17 million on end of life care. [/quote]

I’m not assuming they will, I’m saying that even extremely conservatively, I imagine I’ll inherit several million dollars. But it isn’t my money yet, and I don’t want it to be any time soon, so I’m not spending it now. [/quote]

Replying to myself to add: Actually in my parents' case they have one of the LTC insurance policies that companies no longer offer because they were losing money on them, so it's probably safe to assume they won't spend much on end of life care regardless. But still — I don't see what the harm is in continuing to save our own money before we inherit theirs.[/quote]

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