Quote:
Originally Posted by Burn rate
In theory, such a model allows me to pass the core savings of the $3M to the next generation, barring unforeseen medical emergencies.
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My advice is not to pass so much to the next generation. It spoils them and they will not learn to struggle to achieve their potential. In the end it ruins them. I think if you pass each child $100-200K in today's money, it should be well enough. Spend the rest on yourself or charity.