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> If a child inherits $1 million from their parents (after taxes)

Average life span of the parent is 76. Average age for the parent to have had a child 25.

The "child" inherits $1 million at the age of 51. At that stage behaviours are pretty well established.

While this is true for many, it's worth noting that there's a growing trend of "giving while living" (especially for UHNWI and HNWI in the US).

This means that heirs of wealthy families are receiving portions of their inheritance often in their late 20s/early 30s.

It's worth noting that there's a growing trend of "spending the kids inheritence" SKI parents - https://nypost.com/2024/07/15/lifestyle/im-spending-all-of-m...

Haha oh geez. Some parents are just awful