Inheritance Planning Quotes

I had nothing to do with death panels. I thought it was a horrible phrase about end of life. I didn't think it was accurate, and I was - I've always been opposed to it. The reason why I stood behind that phrase "death tax" for so many years is because the only time that you could pay that tax, the only time, is on the death of a relative. And that's what makes it a death tax. You have to be accurate.

If you're extremely rich, and you have got children, my theory was, you give them enough so they can do anything, but not enough so they can do nothing.

I remember thinking quite logically that I didn't want to spoil my children with wealth and so that I would create a foundation, but not knowing exactly what it would focus on.

I have issues with inheritance tax, particularly coming from a migrant family. My dad has worked incredibly hard all his life, so it seems odd to me that someone who has gone through that experience and has managed to save then gets taxed for dying.

There is no law saying you have to die before your assets can be passed to loved ones. In fact, gifting earlier can be a lovely way to witness how your money helps your family thrive.

Now they got such a high inheritance tax on 'em that you won't catch these old rich boys dying promiscuously like they did. This bill makes patriots out of everybody. You sure do die for your country if you die from now on.

I think about my grandfather who's 89 years old, and the last thing he needs is more money out of his pocket.

I have enough money for the rest of my life and enough to leave a good inheritance for our kids.

I have a few properties, some in the U.K., some in the States, some in Kosovo. It's a nice little empire - I'm trying to create something so my family can be all right.

I'm a dad, and I no longer see a way for my kids to even inherit the money that I'm making, let alone go out there, have an idea, and create it in their own lifetime.

The only old man I am interested in is one who is worth at least £300million and is 103. Obviously you don't want them to hang around too long, you want to be able to spend his money.

Wealth is a dangerous inheritance, unless the inheritor is trained to active benevolence.

What madness it is for a man to starve himself to enrich his heir, and so turn a friend into an enemy! For his joy at your death will be proportioned to what you leave him.

The death tax punishes the American dream - making it virtually impossible for the average American family to build wealth across generations.

When you have a fortune that is almost hard to imagine, the best thing is not to pass that on to one's children. That distorts their life situation.

I always want to teach things that help people with their personal lives, their financial lives and their legacies, so this was a huge thing for me.

7 percent of inheritors get two-thirds of all the wealth transfers..

Nobody can be rich and stupid for more than one generation.

I'm definitely going to be setting up a trust fund for my little nephew, because I really want him to have a little bit of an advantage when it comes time for him to make his way in the world.

When a broken tank is filled with water, It certainly will leak on every side. Weak men who grow rich Seldom leave an inheritance.

Why should men leave great fortunes to their children? If this is done from affection, is it not misguided affection? Observation teaches that, generally speaking, it is not well for the children that they should be so burdened.

You can't take it with you - but you can send it on ahead.

One teacher recently retired with a half-million dollars after 30 years of working hard, caring, dedicating herself and totally immensing herself in the problems of the students. That gave her $50. The rest of the money came from the death of a rich uncle.

I've got two children, and if my voice is still out there, I want the money to go to them when I die.

Leaders should leave behind them assets and a legacy.