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They may not see it that way, but IMO that is the reality as they are heirs to the estate in most cases, presumably. Compared to those whose inheritance will no
by frank_nitti 3y ago
They may not see it that way, but IMO that is the reality as they are heirs to the estate in most cases, presumably. Compared to those whose inheritance will not include a considerable estate, it seems like a win.
- red-iron-pine 3y agohigh medical costs, esp. in old age, will annihilate most of the wealth before the Zoomers get a crack at it. My dad's home ran 9000/month for regular care, and even after we sold her house and other assets, it was looking like she'd be short of cash before too long. After the estate settled me + siblings walked out with around 50k each. Not terrible, but wouldn't do much for me buying a house on the west coast; I'd need triple that, and even then might not cross the 20% threshold for mortgage insurance.