The Bogleheads community discussed strategies for bequeathing a $10 million estate to two adult children. Many emphasize the importance of financial education, suggesting that teaching children about money management prepares them for substantial inheritances. Concerns over whether to delay distributions were raised, with arguments against it highlighting the unpredictability of life and how access to funds can aid children in achieving financial milestones. Experimenting with smaller gifts now can acclimate children to financial responsibility before an inheritance is received.
Teaching your children about finance is the best approach and can set them up for long-term wealth.
If you teach your kids about money, then they will be prepared to manage a lot of money.
Some people die early, and if you lock the funds until your beneficiary turns 50, they may never live to access them.
Experiment with giving your children some money now, which can help them manage larger sums later.
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