Quote:
Originally Posted by Cowperson
Lots of Boomers are on the "Inheritance Retirement Plan."
The greatest transfer of wealth between generations in history is upon us in the next 20 or 30 years.
I know too many people on "The Inheritance Retirement Plan" and the parents they're depending upon.
Cowperson
|
My Grandma is currently the last remaining of her generation and my parents, aunts and uncles stand to inherit a decent amount of money. She has hinted at the idea of just giving it to them now equally as there's "no need to postpone the inevitable". Some members of the family want that, but there is one issue ... she's becoming less and less easy to care for. She is increasingly frail and her mind is getting to the point that there's concern she won't be able to care for herself much longer. A home is one option, but those are fataing expensive. That impressive inheritance that some members of my family are hoping for could be burned up quite quick if she needs several thousand dollars worth of care each month.