Baby boomers don't plan to leave their children an inheritance (enemies, health care)

[Ceece]

I'm not planning on leaving anything behind, I'd rather my kids get whatever I have to give while I am alive to see them enjoy it. And to have some say in how it's used. Not that they won't get anything...whatever I have at the time of my death will be theres and I have no idea what anything will be worth. I don't have special accounts or insurance policies to for them though.

[ylisa7]

Originally Posted by doc1

My boomer siblings and I have repeatedly told our parents to splurge on themselves, not even think about leaving anything to us.

What adult child wouldn't?

You would think. Sadly I know of a few "loser" children in their 40's and older waiting for their parents to die so they can get the house I really really hope Karma bites those people and the parents get a reverse mortgage

Another quicky....I know a woman who has talked about getting her mother's house for decades The mother is now 95 and still living in her house


I think it is disgusting that children think it is their right to inherit all of their parents hard work. To the ones who have the money. It's your life....have fun with it.

[hnsq]

No big deal. Getting money from my parents isn't a part of my retirement plan. My retirement plan involves educating myself, working hard, and saving money on my own.

[TempesT68]

I can see it. I was at a casino a little while ago and they had a shuttle from the nursing home out front. Inside was a fairly good sized group of seniors lining the slots, not the nickle slots, most were at the 20$ or more a pull machines. Also not just for a short time, most were at the same spot for hours. Who knows how many thousands of dollars they were throwing into those machines.

[GregW]

I never expected to get a dime from my family and I have not been dissapointed. What ever is left over when I drop will go tho some younger friends or their kids.

[ringwise]

Originally Posted by Hwy phantom

Are baby boomers being selfish, they might have lived through a couple of rough patches but overall the economy they grew up in is better than then the one their kids live in today.

"My goal is when they carry me away in that box that my bank account is going to say zero," Willison said. "I'm going to spoil myself now."



Many baby boomers don't plan to leave their children an inheritance - latimes.com

So what. They earned it, they can do whatever they want with it. I tell my mom I want to lend her her last dollar.

I have a suggestion - if you want to have a lot of money, earn it like they did. The fact that you shared this makes you seem a little selfish.

[Bideshi]

We would like to be in a position to leave something to our kids, but it's going to be a challenge just to provide for ourselves in old age. That's unlikely to change, but if there's anything left that medical bills, nursing homes and the government doesn't take, they are very welcome to it with our love and best wishes.

[mistygrl092]

Originally Posted by GregW

I never expected to get a dime from my family and I have not been dissapointed. What ever is left over when I drop will go tho some younger friends or their kids.

So I take it your parents are deceased and you did not get a dime? Do you not have children or a spouse? Sorry if I am being too nosy and you don't have to answer, but I find your post a bit confusing for some reason.

I'm fine with the concept of not seeing a dime as long as that applies to all the children. What I am not fine with is what I'm dealing with: two of my siblings (both boys) having complete control over everything while me and my sister are in the dark, forbidden from ever being co-executors, and this amendment to dad's trust was most likely drafted when he was not of sound mind. That to me is not ok. To this end, I am preparing for both brothers to siphon off the estate and give it to whomever they please and that will not include me.

The moral of the story is I hope these boomers either maintain control of their wills themselves or appoint a third party who has no interest and nothing to gain by being in the position of trustee. Heck, it's probably better they spend every last dime on themselves so that no one has the opportunity to squabble over any estate.

[edwardianlady]

There is no law that requires anyone to leave a dime as any inheritance .I would rather have them spend it,than the govt tax me on it.Besides,it their money that they earned,I expect nothing.

[formercalifornian]

Never thought my parents owed me anything once I struck out on my own. I, however, owe them a great deal.