As economists forecast a staggering $5.4 trillion will be inherited from aging baby boomers in the next two decades, Guardian Australia reached out for stories from readers about their experiences with inheritances. The responses reveal a spectrum of beliefs regarding inheritance, with many questioning the societal assumptions surrounding it. Readers expressed both concerns about the potential for conflict within families and the need for transparency between generations about financial legacies.

One reader from Western Australia shared a cautionary perspective, arguing that an expectation of inheritance can generate conflicts in families and lead to unfortunate behaviors, including financial abuse against the elderly. This highlights the broader societal issues at play as wealth is transferred, raising questions about moral obligations and the true ownership of inherited wealth. Some individuals feel that respecting the wishes of the deceased, whether they choose to leave their assets to family members or charities, should take precedence over assumptions about entitlement.

Another contributor offered a more personal account, describing their experience with a trust opened at the age of 18 after the deaths of relatives. This reveals how inheritances can impact personal finances and life choices for younger generations. As these stories illustrate, the impending wealth transfer presents both opportunities and challenges, suggesting that dialogue around inheritances should evolve to foster understanding and prevent discord.