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Hypo: How many generations would $1 Billion fortune last
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Date: November 29th, 2015 5:09 PM Author: Razzle impressive orchestra pit depressive Some hedge fund bro with $1 Billion, young 30 something wife a 3 rugrats who attend prestigious private school. How many generations will their $1 fortune last before its gone. (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272485) |
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Date: November 29th, 2015 5:19 PM Author: zippy reading party forum "rugrats" is excellent. I give them two gens |
Date: November 29th, 2015 5:10 PM Author: Hairraiser citrine mother $1 or $1 billion? (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272493) |
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Date: November 29th, 2015 5:12 PM Author: Hideous incel mad cow disease Forever (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272510) |
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Date: November 29th, 2015 5:58 PM Author: big doctorate Cr unless improperly manager or global fiscal/political collapse (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272840) |
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Date: November 29th, 2015 5:14 PM Author: cocky church building A long fucking time these days because there's so few kids to divide it among. The biggest obstacle actually would be the prospect of the blood line ending due to no kid havers. (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272529) |
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Date: November 29th, 2015 5:17 PM Author: Cyan Pervert is the following legal?
establish a trust that has a limit of 4% per year in annual payouts to descendants
and have it invested mostly in various stock indexes of the top 10 economies around the world.
the fund will likely grow every year, despite paying out 40 million+ per year for starters.
also make it so that a bunch of people are easily disinherited. for example, your descendants need to get a graduate degree before they get anything (although the trust will pay for the tuition and barebones living expenses until you get the graduate degree).
invalids (disabled, mentally ill, etc.) can receive a middle class stipend of whatever the median household salary is if their guardians agree to sterilization.
thus, complete fuckups and retards will constitute a near zero drain on the fund. any descendants with a modicum of ambition and intelligence will get millions per year.
the money will last to the point until money no longer means anything.
if no one is left to inherit, it all goes to scholarship |
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Date: November 29th, 2015 5:23 PM Author: Hideous incel mad cow disease maybe if you allow future lives to control the trust by a vote or something
think you get rule of perpetuities pwned somehow, but I'm just drunk and watching football |
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Date: November 29th, 2015 5:25 PM Author: cocky church building most states have effectively ended RAP and just make it so that you get some set amount of time before control must end, usually super fucking long, like 1000 yrs. (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272618) |
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Date: November 29th, 2015 5:26 PM Author: Hairraiser citrine mother trust gets around rule of perpetuities if at least one beneficiary is named up front. (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272619) |
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Date: November 29th, 2015 5:27 PM Author: Stirring Jew Public Bath so in essence, forever? (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272626) |
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Date: November 29th, 2015 5:29 PM Author: apoplectic wonderful locale keepsake machete Sterilization thing might fuck the whole thing up (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272647) |
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Date: November 29th, 2015 5:35 PM Author: Cowardly Bespoke Meetinghouse cr. shittard judges will be more than happy to public-policy-pwn any attempt to prevent crazy retards from blowing the billion (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272710) |
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Date: November 29th, 2015 5:39 PM Author: Cyan Pervert i put the retard/mental illness clause in there to prevent this trust from being a huge subsidy for idiocy. letting them fuck and create a bunch of wards wouldn't break the trust as the payout is 4% fixed no matter what. it would just create more descendants and lower everyone's payout (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272737) |
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Date: November 29th, 2015 5:49 PM Author: Cowardly Bespoke Meetinghouse look I like it a lot, just saying, I'm not a shittard judge so I won't be there to protect you (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272792) |
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Date: November 29th, 2015 5:55 PM Author: Cyan Pervert ya, i'm saying we can just take that part out (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272822) |
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Date: November 29th, 2015 7:31 PM Author: copper area I LOL'd hard @ the part about "complete fuckups and retards." (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29273388) |
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Date: November 29th, 2015 5:29 PM Author: racy aggressive antidepressant drug organic girlfriend The economics aren't too hard. It's the law and politics that's hard. Will future taxes get it? Will trust law change? Political revolution? (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272655) |
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Date: November 29th, 2015 5:37 PM Author: Cyan Pervert if the wealth is spread out across lots of jurisdictions, it becomes more robust. (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272726) |
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Date: November 29th, 2015 5:40 PM Author: Hideous incel mad cow disease (zero hedge) (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272745) |
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Date: November 29th, 2015 5:49 PM Author: Wild Toilet Seat University Forever, assuming you're talking liquid, and assuming we're not dealing with political upheaval or your family office stealing everything.
$1 billion in a dynasty trust (lasts forever in states without rule against perpetuity) invested only in incredibly conservative assets (treasuries), blue chip stocks, and income producing real estate, could probably throw off 5% per year consistently after paying your family office. That's $50 million a year in revenue initially. Your direct descendants can live off of 50% of that and the other 50% can be reinvested through the family office per the trust. You'd never touch the original $1 billion assets. |
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Date: November 29th, 2015 6:04 PM Author: Hairraiser citrine mother you could just appoint a trustee who has absolute discretion to invest and select beneficiaries. but, he must publish list of beneficiaries and the beneficiaries must give him a vote of confidence each year. at all times, two contingency trustees must be listed and they must also be approved by prior year's beneficiaries. (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29272871) |
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Date: November 29th, 2015 6:07 PM Author: sick dingle berry are subsequent generations of offspring hard working and humble people who believe in building things for their successors because that's what makes civilization great?
or are they porcine retards who live off a trust fund while banging third world hookers and chugging whiskey cokes in airport lounges? |
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Date: November 29th, 2015 6:48 PM Author: well-lubricated set Have it all go to the strongest in each generation. That will make it survive more generations. None of this per stirpes bs. (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29273065) |
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Date: November 29th, 2015 7:28 PM Author: doobsian brass cumskin (http://www.autoadmit.com/thread.php?thread_id=3056626&forum_id=2#29273370) |
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Date: November 29th, 2015 7:30 PM Author: Amber concupiscible chapel how much is given per descendant? if they have to subsidize high flying lifestyles with penthouses on Park/5th not forever
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