I’m not at all privy to the financial planning approaches of the very wealthy, but now that people tend to live into their 80s, how are options #1 and #2 not also forcing the future inheritors to mostly provide for themselves until age 50 or 60? They may not be so worried about saving for retirement, and know there’s a level below which their parents won’t let them fail, so it’s not the same. But, it seems like without a trust fund they’re not really going to inherit significant wealth until their own kids have graduated college?
I’m not at all privy to the financial planning approaches of the very wealthy, but now that people tend to live into their 80s, how are options #1 and #2 not also forcing the future inheritors to mostly provide for themselves until age 50 or 60? They may not be so worried about saving for retirement, and know there’s a level below which their parents won’t let them fail, so it’s not the same. But, it seems like without a trust fund they’re not really going to inherit significant wealth until their own kids have graduated college?