Reply to When do you tell kids about family money?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would increase your charity giving considerably.  You are hoarding wealth.  [/quote]

You literally have NO CLUE how much they are giving to charities[/quote]

If their children will have 2 trust funds of $2-6M each, it’s not enough. [/quote]

That is your opinion but not fact.

[/quote]

It is a fact.  They are hoarding wealth.  It might make you uncomfortable, but it is a fact.[/quote]

Well you are entitled to your opinion.  But it's not "fact".  Giving your kids $4M each if you have gifted $20M+ is quite generous.  Despite what you want to think, their parents earned that money and thankfully once we pay taxes, we don't have to give away all of the rest of our money.  And yes, most of us with $20M paid income taxes on all of it, maybe LT Cap Gains (at both federal and state level) as a "best scenario".  So they have paid 26-47% on that CG/Income.  They have given already to society via taxes.

So unless you are living in a communal home (like a nun or priest) and giving everything of yours back, perhaps you can start giving "your extra wealth" that you are hording---because you can live in a 1 bedroom apartment in the worst area of DC, other people do that so you should too. [/quote]

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