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Money and Finances
Reply to "Generational wealth. What's behind the obsession?"
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[quote=Anonymous][quote=Anonymous]I don’t believe people here who say they know of trusts that got blown up in a single generation. That’s not how trusts work[/quote] no, it definitely happens. If the trust agreement lets the primary beneficiary have control, they can of course blow it all in many different ways. But the main thing that happens is people have kids and grandkids and so each piece gets smaller and smaller and less consequential. [/quote]
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