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

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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Im honestly not surprised. The audacity of these rich a$$holes who think they can buy whatever they want while the rest of us actually do the hard work to get what we want....

Its going to get very interesting when they star checking their grades pretty sure the paid good money for that, so lots of teachers or administrators are going down

PrestonWilson44 Looks like a dating scandal, he talked her into being with him because he had money

The Rich are too rich. Vanity is at the root of this crap. It wasn't for a benefit other than for people to believe their children were better than.

Very interesting

Look it is the Lorax!

The 99% should know by now that the field is tilted at 90 degrees in the favor of the 1%.

Maybe their kid could have got in easier if he didn't have that weird AF haircut.

that's nice...teaching older children 'how the world works.' I WORKED for my successes and I EARNED my way through the Navy.

It’s more than cheating to get their kids in. It’s cheating another potential student of a better life. Of fulfilling their dreams of going to the school of their choice. Criminal . Forbes, Please push to make an example of them.

Add staff to the IRS. Check anyone involved. Investigation pays for itself. Maybe a spin off TV series. 😂

On shameless, it's one of William h Macy's kids that takes the act for other kids. That is ironic.

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The College Admissions Scandal & Estate Planning: The Privileged Child ProblemThe 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. that Fargo car dealership scene comes to mind,,, WHERE DID HE GO? LOL 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. I enjoyed reading this article, it was very insightful. Sometimes people without money still raise thankless children.
Source: Forbes - 🏆 394. / 53 Read more »

'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.
Source: YahooNews - 🏆 380. / 59 Read more »

'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.
Source: USATODAY - 🏆 100. / 63 Read more »