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Interesting video. It mentions that family wealth isn't split up evenly among heirs. One (the oldest male?) gets the vast majority. I'd like to learn more ab
by OldHand2018 6y ago
Interesting video. It mentions that family wealth isn't split up evenly among heirs. One (the oldest male?) gets the vast majority.
I'd like to learn more about this dynamic, especially in terms of what happens to the rest of the family. Anyone familiar with how this tends to work in Europe?
- imtringued 6y agoIsn't the solution to this to just mandate that a single person cannot inherit more than $100 million for their entire lifetime? Sure, you can keep your wealth, but you will have to split it among your family.
- OldHand2018 6y agoI wasn’t really looking for a “solution” so much as understanding the history. Imagine a family with multiple children and an amount of money below what you would consider problematic ($50 million? $10 million? $1 million?). The video seemed to imply that it is a “tradition” (maybe that is not the right word) in Europe, going back many hundreds of years or more, that one of the children is chosen to get the vast majority of the estate and is raised and trained so that he or she is ready to take it on when the time comes. I did a little bit of web searching and came up empty. My focus is on the point of view of the children that do not inherit and what becomes of them.