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Old 22.04.2020, 18:31
greenmount greenmount is offline
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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I can think of more than 1 person that does not believe their wife or children can look after a large capital sum if he were to die, so it gets put in trust for non existent great grandchildren & gives the income only to his wife & her death their children & then grandchildren. Expenses & 3 lots of 30% IHT will ensure there is almost nothing left for the great grand children.
At least the rich end up poorer than their (fore)parents after 3 generations. (btw,it's just one cycle for people today and it's for the first time in modern history when folks around my age are poorer than their parents).
On a more serious note, not everyone will eat up all those money. If you raise spoiled rascals who never have to overcome anything that's what you get.
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