Quote:
Originally Posted by Enoch Root
Wasn't trying to suggest you're clueless, but it is apparent that transferring wealth to your children isn't something that is high on your priority list. It most definitely is for some people though.
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I'm more concerned with dealing with other people who have had wealth transferred to them, than I am with the people who want to transfer their wealth. It's an honest desire to pass your wealth on to your kids - but it's also a common blindspot to not see how it negatively affects those same kids.
And saving for after death, that seems wasteful.
Honestly, I'm dealing more with the concern of having to spend my own money on my wife's, and my, parents than the other way around. It makes the unfairness of the situation feel all the worse. Especially when the fairness argument is raised. People who didn't work hard for their inherited money, using the whole "but my parent's did work hard for theirs" argument. I'm sure there are more than a few people like me in this situation.