For example with homes, when grandparents died in the 80s/90s a home was sold at a modest value and split among 3-5 heirs. Which amounted to very little per family after taxes.
Nowadays you have millennials set to inherit homes that are overvalued in the $1MM+ range and split among 1-2 heirs. Which can be a life changing sum of money. I personally know of people who feel little pressure in their lives because they know they stand to inherit a $1.5MM home plus whatever else their parents have at some point in their life.
For example with homes, when grandparents died in the 80s/90s a home was sold at a modest value and split among 3-5 heirs. Which amounted to very little per family after taxes.
Nowadays you have millennials set to inherit homes that are overvalued in the $1MM+ range and split among 1-2 heirs. Which can be a life changing sum of money. I personally know of people who feel little pressure in their lives because they know they stand to inherit a $1.5MM home plus whatever else their parents have at some point in their life.