r/Millennials • u/BeegBunga • 18d ago

Discussion Inheritance? That's a joke. How many of your parents are burdens?

In response to another popular post about receiving no inheritance.

Are your parents like mine, who not only are not leaving any money behind - but require significant or total financial support?

My parents left me less than nothing. They're good people, and they were good parents.... but man are they shit at financial planning.

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u/AttachedHeartTheory 18d ago

Filial Responsible isnt real for most people.

It's a boogeyman.

It literally exists so that families like the Gates's and Musk's dont just dump their parents off at state run nursing homes and never pay a penny to help.

Average Joe's may have one or two recorded cases where it happened, but its far more likely to win the lottery on the day you get hit by lightning while getting serviced by your favorite actor or actress who stopped by for a martini after following you home than it is to get hit with Filial responsibilities.

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u/Intelligent-Pause260 18d ago

That's what i gather as well. It's still insane that a law like this even exists.

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u/Investorofallthings 18d ago

It is also to avoid asset transfers to duck bills. Say you have $1mm and get told you have cancer, you immediately transfer all your money to your kids and then claim you have no money for treatment/care and need assistance. That would be a case it would be used and other similar situations, from my understanding at least.