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LeeH LeeH is offline
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Join Date: May 2000
Location: Phoenix
Posts: 7,714
Sharing wealth within a family

We all know about "family" money. Seems like some families have so much wealth that just being born to that family guarantees enough of an allowance for some to live comfortably for their entire lives.

I'm wondering at what point to families begin to share wealth. If you had multi-millions, would you share with your parents? Siblings? Would they at least be in your will?

I know of a wealthy individual who, while discussing estate planning with his sister, was very clear about his position, stating, "Well, if anything ever happens to me don't expect to get any of my money." The guy has a couple of adult sons and a stepdaughter, but I found it odd that he wouldn't leave his sister anything from a very substantial estate. They're on great terms with each other - never a problem between them.
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Lee
Old 02-23-2012, 11:04 AM
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