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Ok, so basically I'm right about the few million part. Attempts to say it could be otherwise, but isn't, notwithstanding. And if your wife and children inheri
by jbooth 16y ago
Ok, so basically I'm right about the few million part. Attempts to say it could be otherwise, but isn't, notwithstanding.
And if your wife and children inherit 3.5 million tax free and half of everything else, they will be fine. I'm more sympathetic to the wife argument, if she was spending time with the kids instead of developing a career - the children have presumably had a good education, they should be able to make their own money if 3.5 million isn't enough.
RE: compound interest, if you don't understand that, then you really do not understand inherited wealth.