Thursday, July 25, 2013

Grounds for Disinheritance?

Heirs urge successful investor, 93, to cash in

1 comment:

Jim Gust said...

The potential heirs should be declared incompetent for their truly stupid investment advice--this might the be very worst moment to convert stocks into CDs and bonds. Not to mention the extraordinary capital gains taxes on Berkshire Hathaway stock that will be completely forgiven at the grandfather's death. Don't know where the kids are getting their financial advice, but it's awful.

I would not disinherit the boobs, but I would not give them anything outright, as they have no sense. They should get income-only interests in a perpetual dynasty trust managed by a professional trustee. No power to invade, for maximum creditor protection.