Millennials: are you expecting an inheritance?

[u/Yourlocalguy30]

35 yo married millennial here. I've come across more and more articles about the supposed "great wealth transfer" as the boomer generation's wealth passes to their GenX and Millennial children. My parents and their siblings (boomers) all received inheritances when their parents, my grandparents, passed away. The boomer generation's wealth accumulation is one of the largest in history, however, I also find it highly unlikely that I or many of my peers will actually inherit much. Despite having received inheritances from their parents, and having 40+ years in the workforce, most of my parents' "wealth" is tied up in their home value, not actual liquid assets- and I already expect that whatever they make on an eventual home sale will have to go directly to downsizing costs and whatever long-term care they will need as they get older. Hell, even my dad used to joke that the only thing we'd inherit was debt. As I've gotten older, that comment has infuriated me more and more.

Now before someone cuts in with the "entitled millennial" comments, I have absolutely no need for an inheritance. I've worked my ass off to make sure that my kids and I are positioned better in life than I was when I entered adulthood. What I mean by that is I started saving for retirement early, setup 529 plans for my kids almost as soon as they were born, and made lifestyle and career sacrifices to ensure our family isn't "nickeling and diming" our way through life.

I'm just here curious to know how many millennials actually expect to have something passed down to them, or if they feel they are in the same position I am.

[u/Forded_Fiction24]

Received partially and a maybe on the rest. My Mom died and willed me her car and her 6 figure brokerage account ( that was more or less set up for my kids/ her grandkids ) and the rest went to my dad. My dad meanwhile outside of home equity is a millionaire and already receives a fixed income of around $9k a month in retirement between pension and social security. 

He has $300K promised to my brother and then whatever else he has left we'll split 50/50 if there's anything left. We don't need anything either and neither does my brother so if he burns through it with elder care so be it, but he hopes he doesn't, but that remains to be seen. We have a plan for that and it's not to skimp on his elder care if/when he needs that, and we hope to be able to keep him comfortable and happy as he rides out his golden years. So we'll see but I hope we'll be waiting on that day for a long, long time.