The harsh reality is most people don’t have enough money for themselves let alone to leave an inheritance.

And this is just my opinion, but I would rather see my parents spend every dime they have enjoying their lives and remaining time with me vs being more conservative just so I get some cash when they die.

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Agreed. I would also rather my parents spend every dime then leave money behind when they die. But personally, I would rather set up my children for their life than spend all of my money on enjoying this life.