My grandfather Roy O. Disney, who co-founded the Walt Disney Company with his brother Walt, was a fervent believer in this idea. He was so determined to prevent the government from taking any of the money he wanted to leave to his family that he created generation-skipping trusts to end-run the IRS. What he did back then was so effective that most of it is illegal today.
I will protest to my dying breath that he was a good man—one of the best, in fact.
But I will also add, at the very end of that dying breath, that he should not have been able to do that.
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Starter comment (shamefully) pulled from Reddit's FatFIRE community: https://www.reddit.com/r/fatFIRE/comments/o25gxo/i_was_taugh...
Would love to hear some chatter from HN.