The College Admissions Scandal & Estate Planning: The Privileged Child Problem

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The college admissions scandal stretches beyond colleges, raising broader questions like estate planning. Are over-indulging privileged children a larger problem that may cost not only the children, but the parents later in life? 5 celebrity court cases help explore these questions.

While not sharing the same celebrity status as the others on our list, England's Manny and Brigitta Davidson were so successful during their long marriage, primarily through real estate development, that they amassed a fortune worth an estimated 600 million pounds, equivalent to about $785 million. The Davidsons owned a large country estate that neighbored one owned by Prince Charles.

and seize tens of millions of pounds worth of antiques and other artifacts, leading to multiple lawsuits between the parents and their children.about their story. According to the Amazon listing: It's not only the very-wealthy who face this dilemma. To some extent, every parent who contemplates his or her estate planning has to think through this question. In our book,, we discuss the case of a successful plumber who elected to allow his beneficiaries to inherit through his trust only if they first earned an income, which would be matched each year with a corresponding trust distribution.

 

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I enjoyed reading this article, it was very insightful. Sometimes people without money still raise thankless children.

With everything that happened, you choose to ponder the 'privleged child problem' as if we were all wondering what it must be like to have our parents plow a path of success for us while pulling every weed, trimming every bush, and diverting every negative emotion along the way.

that Fargo car dealership scene comes to mind,,, WHERE DID HE GO? LOL

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'Affirmative action for the rich:' How the privileged legally game the college admissions processWealthy and influential parents often routinely use their privilege to game the college admissions process. And it's perfectly legal. That’s the face of I’m pissed cause I got caught. imoore8904 She is NOT having a good day.
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'Affirmative action for the rich:' How the privileged legally game the college admissions processWealthy and influential parents often routinely use their privilege to game the college admissions process. And it's perfectly legal. This title is bad, and you should feel bad for it. Sort of like a wealthy New York real estate mogul paying off a podiatrist to diagnose their son with bone spurs.
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