3 ms·
The number is not imaginary if you have kids, the idea of leaving your children some of your wealth is dear to many people, and most often they will have acquir
by riffraff 3y ago
The number is not imaginary if you have kids, the idea of leaving your children some of your wealth is dear to many people, and most often they will have acquired their own place by the time you die.
It is arguable that inheritance taxes should prevent accumulation of wealth, but point is, real estate survives you.
- inferiorhuman 3y agoreal estate survives you In California the real estate value survives you. Your children inherit your Prop 13 tax assessment which means your children inherit a tax bill that's a fraction of what it would otherwise be. That's a pretty strong incentive to drive values up and not sell.
- rhaway84773 3y agoAlmost every investment survives you. Bonus, most other safe investments cannot be destroyed by a fire, floods, storm, etc.
- truckerbill 3y agoThe point is they would need less wealth if they also weren't spending the second half of your life saving up for a house... And you can still give them the money Still makes no sense to me