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Should parents bequathe their wealth for their children to start their businesses?
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[QUOTE="Caramelle, post: 220279, member: 150"] [JUSTIFY]I believe in empowering the next generation by giving them all the advantages that parents can possibly provide. If I can, I'd like to provide security for my future grandchildren by way of a trust. There are very few things we can do to protect them in the future and bequeathing properties that they can use to set them up for life is one of them. That said, we don't really know the financial arrangement between the actor and his children. It's quite possible that at this point he had already provided generous financial support that inheritance is not that much of an issue between them. It is quite common for wealthy people to do estate planning, a tax-saving plan that often involves distributing one's property way before death through various transactions. Each child is entitled to his legitime or a forced share in the estate unless he or she is disinherited for a valid cause and that's something that Jackie Chan has to work around if he was, indeed, serious about his statement. [/JUSTIFY] [/QUOTE]
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Should parents bequathe their wealth for their children to start their businesses?
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