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Old 01-17-2010, 07:22 PM   #121
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Very well may be. Here is a more current article:

Rich Parents Who Are Cheap | momlogic.com
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Old 01-17-2010, 07:25 PM   #122
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Without reading it, I thought WB suggested that "you can leave your children enough that they can do anything, but not enough that they can do nothing". If the quote is approximately right, I'm all for it.
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Old 01-17-2010, 07:30 PM   #123
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Yes, that was pretty much the quote:

Rich Parents Who Are Cheap | momlogic.com

Interesting, according to the link, Paris Hilton had expected to receive about $100 million but was left about $5 million.
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Old 01-18-2010, 04:01 PM   #124
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Actually, either sum will last you until the end of time with 10% real returns.
Oops, I misspoke - meant nominal. Thanks for correction.
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Old 01-18-2010, 04:13 PM   #125
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Well, then my son better start being more attentive to me or I will do a Leona Helmsley on him. I think she left most of her estate to her dog who now resides in Sarasota.
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Old 01-19-2010, 06:30 PM   #126
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It's darned hard to leave this world just as your net worth hits zero.
Actually, it's easy, and done all the time.

Just get caught without health insurance, then get some form of malignant cancer. Pay out of pocket for treatment until the money runs out. Although you might overshoot a bit and have negative net worth.
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