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I've been predicting this for years. Folks keep saying millennials will be the richest generation when their parents die and leave their dragon hoards to them but of course that isn't what will happen. What will happen is entire industries will pop up to drain that dragon hoard as fast as possible in the name of end of life care. Millennials will not see even a fraction of it.
And here we are again, looking at capitalism with a critical and material eye working out
In the US, it's called the great spend-down. When nearing end of life the medical bills accumulate rapidly so that even Medicare doesn't cover enough. They must then drain all of their savings to qualify for supplemental Medicaid and not go into staggering medical debt (or simply be denied care).
The only way children get inheritance is if their parents die early or are ridiculously wealthy.
Once you accept Medicaid, unless all assets have been sold out transferred longer than five years prior, the state takes the property and sells it, probably to the same holding companies that own rentals and nursing facilities, to pay back Medicaid expenditure.