I’m watching this play out with my sister-in-law right now. Her grandfather made a ton of money, her mom never worked but had enough to live a good life off of inheritance, and my wife and her sister have just inherited the remains (only a million or so left for each of them). I’m wonder how long it takes for my SIL to spend it all because I’ve read so many articles mentioning how wealth disappears over generations trying to prepare for this moment with my wife.
Yet to be seen, but spending has already commenced. Thankfully I think I’ve drilled into my wife’s head the seriousness of psychologically acclimating to having a large sum of money dumped in her lap and to not spend any of it.