Quote:
Originally Posted by CliffFletcher
The problem with inheritance is people don’t get it an age where it can help them the most. Much of the trillion+ that will be passed down from the Boomers will go to helping their middle-aged kids in retirement. And when kids could most use a gift of money - in their 20s and early 30s - parents often aren’t at a stage themselves where they can provide it. Most people don’t have a large reserves of cash when they’re still paying off a mortgage themselves while saving for retirements. And of course the biggest chunk of inheritance most people pass is from the sale of property, which typically happens once they’re dead.
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I've seen a few people leave things to their grandchildren instead of their children, though this is mostly people who didn't have a pile. When my mother-in-law died we didn't get anything but my kids both got some money that will either help them through school or give them a good start on a home deposit when they're older.