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Reply to "If you are rich, not just upper middle class"
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[quote=Anonymous][quote=Anonymous]Our net worth is approaching $40M. Kids in middle and high school. Yes, I expect them to work and they’ve always known that. I’ve also been clear that they should not expect to inherit the lions share of our wealth. We’ll cover them through school but I’m not certain they’ll get anything after that and they know that too. That much money was not meant to be inherited. [/quote] Just make sure your wills specifies that your money will go to charity otherwise your estate taxes will be significant. Better yet, meet with an estate planning attorney and talk about your goals and thoughts. With your net worth and age you could end up with $100 million. [/quote]
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