RE: LeoThread 2025-12-11 03-14

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Inheritance is a stupid idea

Transferring wealth during life makes more sense. Adult children rarely need help in their 50s to 70s

leofinance
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They benefit more from support in their 20s to 40s for paying down debt, buying homes, raising kids, and starting businesses

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Kids are 28, 31, and 34
Parent is sitting on $3.2M and plans to leave it all at death
The question posed: what will they need money for at 58, 61, and 64?
Mortgages will be paid. Kids will be grown. Retirement accounts funded

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Right now:
One is drowning in student loans
One can't afford a house in this market
One is planning a wedding on a shoestring budget
$50K today changes their lives. $50K at 60? It's a rounding error

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$30K is being given to each this year to watch how it's used
Die with memories, not money

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Who said that adult children rarely need help in their 50s to 70s?

I am in my 50s, I need all the help I can get to live comfortably for the rest of my life. If I have an inheritance, it will make a great difference.

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Fair point, everyone's situation is different. I was thinking more about kids who are already set in their careers by then, but yeah, life throws curveballs and not everyone has it easy.

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