[quote=EconProf]Why give everything to your kids? Big inheritances can stifle incentives and spoil your offspring. If you are going to have a big estate, better to carve out enough for you and your spouse to live on, designate some gifts for your children (and maybe their children’s education), and the rest to worthy charities where it can really do good for humanity. This assumes, of course, that you have enough to take care of those first priorities.[/quote]
Better than giving to an irresponsible person who HELOCED there home to death, skipped a decent education, bought a bunch of bling on credit, can’t afford to make payments, blames the government/banks for their decisions and problems and life, and then expects everyone else to make them whole.
Also, by passing money on to certain heirs, one can essentially ensure said kid(s) with possible health issues are taken care of and not count on or further tack on public money for things like public insurance….
