As the cost for caring for elderly people increases, the amount of inheritances decreases.
The idea of leaving an inheritance is in jeopardy and may become a distant memory for many middle class families, according to the Financial Times in "Opinion Today: The end of inheritance."
Receiving even a small inheritance from parents allows families to build up some wealth. That wealth can, in turn, be left as inheritances for their children.
However, the overall population is aging. The elderly are living much longer than in previous years and that increases the cost of providing long term care.
If you want to determine if you can protect and preserve your estate for your descendants, you should consult with an experienced elder law/estate planning attorney.
Reference: Financial Times (Dec. 23, 2017) "Opinion Today: The end of inheritance."
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