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

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[quote=Anonymous][quote=Anonymous]I wouldn't call 50M an ultra high net worth. Which is what makes me inclined to think this isn't a real poster. Ultra high is multiple hundreds of millions into the billions. People with 50M know this.

Second, very, very, very few genuinely wealthy people genuinely don't believe in generational wealth. They may talk it but in reality they will leave their children very comfortably off. Generational wealth is only a modern buzzword that's no more than a few years old, preying on liberal white guilt in the DEI age.

17M per child (I'm assuming this is post tax) is unquestionably a nice sum of money. But it's not ultra high net worth. It will allow each child to own a nice 2-3M house plus another 2-3M summer house and the rest tied up in investments generating a nice income for what will be generously comfortable, affluent life. But you're not owning private jets or buying a 10M summer house on Nantucket or living in Kalorama.

If you are real, in reality what will happen is you'll help each kid get launched, buy their first house, pay for the grandkids' education, and when the time comes, each kid inherits 10M while the rest is donated. It's not that complicated. See your financial planners. 
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UHNW is defined as over $30M, so yes $50M is UHNW
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