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Old 09-06-2012, 07:53 PM   #21
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Join Date: Apr 2003
Location: Hooverville
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Originally Posted by MichaelB View Post
Nice examples, but they were in a class by themselves, the wealthiest people in the US, and they set up their money so it couldn't be spent by their descendants. Bill Gates and Warren Buffet have done something similar. How much money has lasted three generations when the descendants had free access to the whole thing?
I thought we were talking about wealthy families. How many allow their children free access to the mother lode? Did the Kennedys? For sure there are screw-ups, but many truly wealthy familes never go there.


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