Life How much do you expect to inherit (or did you inherit)? - Page 3

**Rain Man** · 10:01 PM

Recognizing that old people can find Anna Nicole Smith at any time, what are you thinking you'll end up with when the inevitable happens? If you're married, count both parents and in-laws, and don't worry about that pesky inheritance tax for these purposes.

If your parents/in-laws have passed away, please accept my condolences.

No need to share any numbers personally, and you can just vote in the accompanying poll.

Note: we're counting total worth, including cash, stocks, houses, racehorses, furniture, Bea Arthur memorabilia, automobiles, religious artifacts, livestock, planes, yachts, superyachts, dogs, superdogs, manservants, and anything else of value.

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

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

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.

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

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.

View Poll Results: How much do you expect to inherit (or did you inherit)?
Not one plug nickel.	53	40.77%
$1 - $10,000	6	4.62%
$10,001-$50,000	18	13.85%
$50,001-$100,000	11	8.46%
$100,001-$250,000	10	7.69%
$250,001-$500,000	11	8.46%
$500,001-$1 million	7	5.38%
$1.01 million - $3 million	9	6.92%
$3.01 million - $5 million	2	1.54%
$5.01 million - $10 million	2	1.54%
$10.01 million - $25 million	0	0%
More than $25 million	1	0.77%
Whatever I get will be donated to help the federal deficit.	0	0%
Voters: 130. You may not vote on this poll

03-20-2012, 09:54 PM
Rain Man Seize life. Be an ermine. Join Date: Jul 2001 Location: My house Casino cash: $-722449 VARSITY	How much do you expect to inherit (or did you inherit)? Recognizing that old people can find Anna Nicole Smith at any time, what are you thinking you'll end up with when the inevitable happens? If you're married, count both parents and in-laws, and don't worry about that pesky inheritance tax for these purposes. If your parents/in-laws have passed away, please accept my condolences. No need to share any numbers personally, and you can just vote in the accompanying poll. Note: we're counting total worth, including cash, stocks, houses, racehorses, furniture, Bea Arthur memorabilia, automobiles, religious artifacts, livestock, planes, yachts, superyachts, dogs, superdogs, manservants, and anything else of value. Last edited by Rain Man; 03-20-2012 at 10:01 PM..
Posts: 145,557

03-21-2012, 04:56 PM	#31
Chieftain58 Fan club member Join Date: Jun 2002 Location: Land of OZ Casino cash: $10005117	400k mutual funds 200k other assets... 1year ago __________________
Posts: 1,626

03-22-2012, 08:18 PM	#32
InChiefsHeaven Rockin' yer FACE OFF! Join Date: Feb 2003 Location: Omaha, Nebraska Casino cash: $565437	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. __________________ We have a million reasons for failure, but not one excuse... Die Donks, DIE!! Holy Crap fellas!!! We did it!!! THREE TIMES!!!
Posts: 27,268

03-22-2012, 08:47 PM	#34
cdcox www.nfl-forecast.com Join Date: Sep 2000 Casino cash: $-618231	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.
Posts: 46,037

03-22-2012, 09:14 PM	#35
WhiteWhale Bring it on Ahab! Join Date: May 2011 Location: Doo-Dah Casino cash: $10015152	Is it weird that I've never put one second of thought into this?
Posts: 14,861

03-23-2012, 12:03 AM	#36
ChiefsCountry The Insider Join Date: Jan 2004 Location: Lake of the Ozarks Casino cash: $-1631248	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
Posts: 52,180

03-23-2012, 12:31 AM	#38
Earthling MVP Join Date: Apr 2001 Casino cash: $10008447	I didn't see "The Earth" option. When Dad passed on I got his bible and his gun. Can't really say which one of those has helped me more overall. __________________ AND SOMETIMES IT'S NOT SO EASY ESPECIALLY WHEN YOUR ONLY FRIEND TALKS SEES LOOKS AND FEELS LIKE YOU AND YOU DO JUST THE SAME AS HIM -Jiimi Hendrix
Posts: 5,995

03-23-2012, 12:38 AM	#39
BryanBusby In Search of a Life Join Date: Mar 2006 Casino cash: $3159900 VARSITY	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.
Posts: 22,639

03-23-2012, 01:04 AM	#40
KChiefer Fantastic Planeteer Join Date: Oct 2006 Location: Champaign, IL Casino cash: $10006721	Cunno if we're fetching for 1% numbers, i'm in the 99.
Posts: 4,943

03-23-2012, 01:08 AM	#41
DementedLogic Starter Join Date: Aug 2005 Location: Seattle, WA Casino cash: $7135080	Where's the option for inheriting debt?
Posts: 855

03-23-2012, 10:18 AM	#42
Buehler445 Supporter Join Date: Apr 2007 Location: Scott City KS Casino cash: $-1635266	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.
Posts: 60,032

03-23-2012, 10:20 AM	#43
vailpass Psycho Bag Of Squanch Join Date: Sep 2001 Casino cash: $9594244	tres gauche __________________ “Education is a weapon whose effect depends on who holds it in his hands and at whom it is aimed.” Joseph Stalin
Posts: 69,591

03-23-2012, 10:27 AM	#44
raybec 4 MVP Join Date: Feb 2008 Location: East Jabip Casino cash: $4593807	My family aint got a pot to piss in or a window to throw it out of. All we got is ****in Floyd
Posts: 11,058