2000. At least, that's how one famous American did it. At age 79, American Founding Father Benjamin Franklin placed £1000 in each of two trust funds, one for Boston (his birthplace), the other for Philadelphia (his adopted home). The idea was s... read more
Whether your wealth can make it several generations doesn’t depend on how much you leave. It depends on your descendants having a similar commitment to maintaining the principal funds. Lacking that, no amount of money can withstand stupidity. read more
In fact, to be considered wealthy by this new criteria, you’d need to have about 30 times more than the approximately $80,000 net worth of the average U.S. household, according to the most recent data collected by the U.S. Census Bureau. read more