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Reply to "How Much of an Inheritance is Too Much for Kids"
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[quote=Anonymous][quote=Anonymous]Our kids are still school age so it is hard to tell who they will become. DH and I have had a lot of success and have a current net worth of about $40M. We have about another $10M in life insurance. We have 3 kids. No one needs that much money. If you earn it yourself that is one thing, but IMO it is too much to inherit. For now our wills leave our kids the max that is not subject to estate tax. The excess is being donated. As the kids get older we will probably lower the amount in todays dollars. By my estimate if we live into our 80s we will end up with a net worth of $100M+ in todays dollars. [/quote] You could set up a dynast trust. There are states that will let you set up a trust that lasts up to 500 or 1000 years now. [/quote]
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