Reply to Ultra high net worth and how much to leave to kids

Forum Index » Money and Finances

Reply to "Ultra high net worth and how much to leave to kids"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Leaving them money to try to control them probably won’t work and neither will not leaving them money to try to control them.

Just do what you want with the money and your kids will turn out how they turn out tbh.

The bigger question you need to deal with is how much if any money you will give them while you’re alive and sitting there with all this money.

That’s so obviously more important than what happens when you die that I think you’re a troll. [/quote]

Most with that wealth start giving when alive simply to minimize taxes.  Might as well start saving in 529 for future grandkids once the kids are married/planning to have grands.  Just keep the kid's 529 open and invest yearly even before the grands arrive. 
[/quote]

NP - not high net worth but on board with this sentiment.  My parents became very well off post-retirement and I'd be happy if they would pass their wealth on to my kids, since I'm old enough to be comfortable and don't really need a windfall now.  It's too early for you, OP, but I would say the real goal should be setting your kids up to be debt-free in their 20s and [i]their[/i] kids to be well looked after.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics