Great comments! You cannot ever protect or guarantee your wealth! The more you have, the more you obsess, the more fearful you become. Like those Millionaries next door, who hoard…
As far as leaving stuff to the kids, that was just recommended in biblical days, when people died at age 30. At the parents’ death, presumably the kids would be 15 – 20 years of age, just getting started on their own. That is the time in life you really need a good handout! Furniture, house, business capital…
In today’s society, parents live to age 80-90, and by the time they die, their kids are over 60 years old, and don’t need mom and dad’s handout anymore. The whole “leave stuff for my kids” mentality is really screwed up. People don’t realize who made the rules, at what time.
My husbands’ parents saw both sets of parents die in the last 5 years, and received their inheritances. They are over age 65! They didn’t need that money by then. Those grandparents should have just spent it on themselves, taken a few trips, etc. Or set up a college fund for the grandkids. Now there’s a good idea: old people leave their inheritance to the college fund of the youngest descendants.
It’s kind of like telling people not to eat pork. Back in biblical times, this made sense,because there were probably cleanliness or disease issues with pigs. Not today! And I am a vegetarian, so I do not want to defend eating meat. My points is, let’s use common sense!
