Reply to How Much of an Inheritance is Too Much for Kids

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]3-4 mil to each (assuming 2) and some generation-skipping trusts for the rest of the funds? Some charitable giving, too? [/quote]

No charitable giving unless I end up being worth like 50M+. Need to ensure the next 2-3 generations of my family will not be in need of charity before I feel comfortable donating. [/quote]

I wonder if this is a common way to think.
In my family, inheritances are small but charity is still important.[/quote]

We are generous with family and our selected charities.  But we don't see an issue with giving our kids and future generations $20M+ each.  It will allow them to have careers that they love and that benefit society (if they choose) or a high paying career if that's what they want.  We worked hard to earn our $50M+ (none was inherited, we both come from MC families) and plan to ensure it continues for 3+ generations easily.  So far our kids are hard working, contributing members of society and not spoiled brats.  We see no reason that wont continue with them and future grandkids.

We also contribute to charities that are near and dear to us---mostly local so we know the $$$ is going 99% to those in need, not overhead.  
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