Many Aussies are dying with large super balances because they are spending frugally in retirement so they can pass on as much as possible to their children.
At 27 Tim's net worth is approaching $500,000, and he will soon receive an $80,000 inheritance. Paul Clitheroe advises Tim on where to invest the windfall.
When impatient children or grandchildren make a grab for a share of their parents' or grandparents' assets while they are still alive, it is dubbed "early inheritance syndrome" by lawyers. The other term for this common fraud is "financial elder abuse", and it's becoming increasingly common.
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