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View Diary: Party of Entitled Rich Threatens Economy (11 comments)

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  •  Let Me See If I Can Explain Myself Here (8+ / 0-)

    I have written about this a lot here. I grew up in a middle class family. But my grandfather (my dad's dad) was very, very rich. When he passed my parents became millionaires.

    He never helped my parents. He felt you roll your own and do stuff for yourself. They could have used and/or needed help but he laughed at them.

    My parents don't feel that way. They hated that. That a little help here or there could have changed their lives.

    So when when they became grandparents (I don't have any children) the first thing they did was set-up a trust fund for her, so that if she wants to go to Yale or Harvard, well that is paid for.

    I hate to say this, but I could open up a letter I get each quarter and I have what we call the "last to die" insurance policy. Worth like $3.2 million so when my parents pass my brother and I will not incur and inheritance taxes.

    Funny thing my parents were not always rich. Now they get there are "two Americas." They are starting to give away a lot of their money. I've told them that is what I will do.

    When opportunity calls pick up the phone and give it directions to your house.

    by webranding on Wed Nov 21, 2012 at 12:10:26 AM PST

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