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Reply to "Generational Wealth"
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[quote=Anonymous][quote=Anonymous]I thought it meant you were able to ease the way for your kids and grandkids - pay for college, help with down payment, help with private school - during your life. Wealth beyond just inheriting the family home and a bit of cash. [/quote] This is our family. Trusts pay for both children and grandchildren college, bought houses for children and tuitions not. The kids have money from the start in a trust, not a college fund. It’s only four grandchildren and they each will have trusts from a generation skipping family trust. The grandfather is still alive and children and grandchildren both get monthly checks. I’m glad my children won’t have to worry about being homeless, I only hope they can keep it going for their kids. The big generational wealth like the Kennedy’s amazes me. When’s the last time someone made big money in that family but it keeps going. [/quote]
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