So, what does this mean? Perhaps the expected large inheritances will not exist at all.
Even if the inheritances do come to fruition, if the money is spent for retirement then there is unlikely to be much left for later generations to inherit.
If you have children who you suspect may not be saving for retirement and instead counting on receiving a large inheritance, it might be a good idea to talk with them about what to expect after you pass away.
Better yet, visit an estate planning attorney to structure an estate plan that ensures there will be assets for your grandchildren to inherit as well.
