Quote:
Originally Posted by Doctorfever
My parents recently retired (well Dad is semi-retired, loves his work). There was some concern years ago that they might not be leaving much behind for us kids…. Told them to spend every penny they have. Enjoy life! They have earned it.
With that said, I do feel like I should try and leave something to my kids, but one just never knows how long my wife and I will live.
Does anyone here plan on leaving something for their kids, like a specific number?
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With the cost of housing now I'm planning on helping my kids with downpayments when they reach that stage, but I'm less concerned about leaving an inheritance. If one of my wife or I lives until 80 (hopefully!) our kids will both be in their 50s. By then it seems reasonable for them to not need money from us.
Basically an early inheritance when they need the money, but I think if there's anything left at the end I'm more inclined to do a charity for a big chunk.