According to the New York Times, people living today should not expect much of an inheritance from their parents. A variety of factors, including a trend towards luxury spending by the elderly, are cutting into the possibility of leaving something behind for one’s children.
Increasing life expectancy and rising healthcare costs are also a significant factor in reducing the size of peoples’ “nest eggs,” which have already been hit by a decline in the number of traditional pension plans.
For more information on inheritance and other probate issues, contact Austin inheritance lawyers Slater & Kennon, LLP at 512-472-2431.
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