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I told both of my children not to count on any substantial inheritance from their Mother and I. Both of us believe we are under no obligation to leave anything to our adult children. There will be some estate, mostly property and house since we must live somewhere, but our goal is to spend all of our money and enjoy it. I told them that if they want any money to do what their Mother and I did, go out and earn it.

"I told both of my children not to count on any substantial inheritance from their Mother and I. "

OK. You aren't under any obligation to leave an estate. I'm not talking about individual cases here, but in general. There will be a large transfer of wealth coming in the next 20 years. You may not be much a part of it, based on what you say, but lots of folks aren't doing as you are.

I'm by no means dependent on any inheritance, but there will still be one.

…but our goal is to spend all of our money and enjoy it.

I’ve always admired those people with the “Spending Our Kid’s Inheritance” bumper sticker on the back of their RV.

There will be some estate, mostly property and house since we must live somewhere, but our goal is to spend all of our money and enjoy it.

Good for you. I told my mom and dad to do the same thing while they are still healthy. I'm in line to inherit a lot of land, but I told the old man the last check he writes had better bounce.

-ccm

I kind of like the idea of leaving the kids something. I certainly enjoyed inheritances,,it does cheer one up at the funeral!!

Seriously, inheritances are going to be important. And I want a nice retirement but cannot think of a better use for excess money than helping those I brought into this world. I don't understand the resentment of some old for the young and the deliberate attempt to spend every cent and leave the little bastards nothing.

I told both of my children not to count on any substantial inheritance from their Mother and I. Both of us believe we are under no obligation to leave anything to our adult children. There will be some estate, mostly property and house since we must live somewhere, but our goal is to spend all of our money and enjoy it. I told them that if they want any money to do what their Mother and I did, go out and earn it.

My grandfather told my father that if there was anything left (to inherit) it would be the result of a serious miscalculation. He had a pretty sharp pencil. The only thing recovered from my grandfather's estate was my dad's old .22 bolt action rifle. I have that now. My #2 son will have his grandfather's sword. It's the sword of a naval officer. My son is a Marine. He will have to buy his own when the time comes.

When my mom decided to sell the family home last October, my sister went on a "cleaning rampage". By the time I could travel 900 miles from Idaho to San Diego, there was nothing left of the furniture and household effects present when I last visited in July 2003. My sister sold, gave away or trashed nearly everything. If my mom hadn't spoken up, she might have been left with nothing but her clothes and some toiletries. She managed to keep pots, pans, dishes, a sofa a comfortable chair and her TV set.