Quote:
Originally Posted by Descant
PPP comes from PPP.
Those who think of themselves as a single generation will lose. Those who plan for multi generations will do just fine. We all chipped in (2 generations, after the establishment donor) to establish an endowment so future generations won't be asked to financially participate. It took 30 years, but now the kids who are under 20 will be OK for their next generation. The trust makes it almost impossible for any one person to force a sale, and they can't pledge their share as an asset for any purpose.
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Very interesting. If it's not prying too much:
How many people in each generation?
How do/will you govern time allocations and other issues?
Any other advice for families considering this?
Thanks