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Reply to "Why do so many of you NW adults have Trust Funds or get parental help?"
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[quote=Anonymous][quote=Anonymous]You may not like it people, but how do you think families preserve their wealth once they have given their desired amounts to charity? Option 1: Act within the tax laws to gift allowable amounts to children and heirs. Get joy in helping their family. Option 2: Give it all to the government. I have taken Option 1. Especially laughable to think of giving more to the government in light of the current s-show.[/quote] This poster just means it makes it harder for people without family help, which is true. You can't compete with a 20 something couple getting hundreds of thousands in cash when you are a regular person who needs a mortgage. But obviously this is what rich people do. There's no changing it or arguing that you should "give it all to the government".[/quote]
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