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-   -   Life How much do you expect to inherit (or did you inherit)? (https://chiefsplanet.com/BB/showthread.php?t=257577)

Chieftain58 03-21-2012 04:56 PM
400k mutual funds 200k other assets... 1year ago

InChiefsHeaven 03-22-2012 08:18 PM
I said not one plug nickel because I'm hoping my old man spends it all and enjoys all his hard work before he passes away. I'll probably inherit something, but I don't like to think about it.

mlyonsd 03-22-2012 08:28 PM
Quote:
Originally Posted by Rain Man (Post 8481433)
That's a good point.

I don't have kids, so at some point when the house is paid off and maybe when I'm retired I'm thinking maybe I'll drop my life insurance down to cover funeral costs alone. As long as my wife is comfortable on what we've saved, is there any reason to have life insurance when I'm retired?
Basically no. When you start to reach 50-55-60 the premiums are so high your wife would be way better off if you invested that money elsewhere.

cdcox 03-22-2012 08:47 PM
I always bought term life insurance with the plan of ramping it down as my retirement balance increased. Well, I'm 50 now, but not quite ready to to start decreasing my term life insurance. The market really sucked over the period of 2000-2008.

WhiteWhale 03-22-2012 09:14 PM
Is it weird that I've never put one second of thought into this?

ChiefsCountry 03-23-2012 12:03 AM
Probably for me around 1.5 to 2.5 million mainly all of it land. That is where are familys wealth is.
Posted via Mobile Device

Kyle DeLexus 03-23-2012 12:09 AM
Quote:
Originally Posted by Rain Man (Post 8481487)
Plus, why should I pay for my wife to take a luxury cruise with her second husband? I'm not seeing it.
Is she hot? Will she inherit much from her family outside of you? Would she like to date a 24 year old?

Earthling 03-23-2012 12:31 AM
I didn't see "The Earth" option. :harumph:

When Dad passed on I got his bible and his gun. Can't really say which one of those has helped me more overall.

BryanBusby 03-23-2012 12:38 AM
I expect to get nothing, which I am fine with. Sisters are terrible with money and always broke and I'm not, so I expect they will get all of it which will get pissed away in a year tops.

KChiefer 03-23-2012 01:04 AM
Cunno if we're fetching for 1% numbers, i'm in the 99.

DementedLogic 03-23-2012 01:08 AM
Where's the option for inheriting debt?

Buehler445 03-23-2012 10:18 AM
It all depends on on what land prices do between now and death (hopefully 30 years or so) and what their needs are at end of life. I can't imagine long term care (if they need it) will get any cheaper. Although dad told me to have an "accident" before he goes in there.

Bottom line, no clue.

vailpass 03-23-2012 10:20 AM
tres gauche

raybec 4 03-23-2012 10:27 AM
My family aint got a pot to piss in or a window to throw it out of. All we got is ****in Floyd

mlyonsd 03-23-2012 10:33 AM
Quote:
Originally Posted by Buehler445 (Post 8486578)
It all depends on on what land prices do between now and death (hopefully 30 years or so) and what their needs are at end of life. I can't imagine long term care (if they need it) will get any cheaper. Although dad told me to have an "accident" before he goes in there.

Bottom line, no clue.
Am going through the long term care thing right now with my mom. She fell last Nov. and is now stuck in a nursing home. $5300/month.

Mom and dad now wish they had looked into long term care insurance.


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