Why We Don’t Plan to Leave an Inheritance For Our Kids

The decision to leave an inheritance for your children is something that I think about quite a bit. After all, what are we saving all of this money up for anyway?

However, the more I think about it, the more I wonder if leaving an inheritance, or at least the promise of an inheritance, does more harm than good.

Generational Wealth

Ensuring our children are financially literate increases their chances of effectively managing an inheritance.

So What Do We Plan to Do With Our Money?

Instead of saving all of our money for later in life, our goal will be to do everything we can to ensure they are set up for a successful life.

Other Considerations for Not Leaving an Inheritance

Money Can Tear Families Apart No matter how you plan to split the money among your kids, there will likely be someone that isn’t happy about it.

What Might Change Our Mind About Leaving an Inheritance?

One thing that would undoubtedly change things is if me and their mother died early in life.

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