Reply to Are your adult children grateful for their trust funds?

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Reply to "Are your adult children grateful for their trust funds?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Start living it up now.  Plan big family trips and create spectacular memories.

and then start donating meaningfully to causes who serve people in need.  I guaranty those people will truly appreciate it, and you will do more good that way.[/quote]

Sounds like a good way to hemorrhage money and ensure there is nothing left for your grandkids.  Truly not my style.  My grandkids are a better charity to me than random strangers.[/quote]

If you can't do both than this thread probably isn't about you.[/quote]

Let's make it clear.  There is no amount of money that will ever be spare to me.  All of it will go to MY future generations.  My future generations are my charity.  Even if I were a Billionaire - now I'm "only" in the XX millions.  BTW I pay tons of taxes and view that as charity.  The government uses that money for schools, roads, public infrastructure, subsidized housing, food for the poor, natural disasters, etc.  I see no need for me to contribute more.  I already contribute more to those causes through taxes than 90% of Americans make in a year.[/quote]
+1000
I've paid more in "state taxes" in a single year than most people will earn in their lifetimes.  
We are part of the rich that has no legal way to "shelter" income/capital gains/etc.  What we earn we pay taxes on.  So yes, we have paid more to support the US public than the average person.  We also contribute to local charities, but bulk of our estate will go to our future generations of family. [/quote]

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