Post #20897 by ciao8 on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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A lot of effort by many on this board to accumulate ….but then there is the distribution…

“Actually you can give them up to $15,000,000 (lifetime gift limit) right now tax free (twice that if from both you and your wife) and file an IRS Form 709. I think, but don't know, that the gift can be in the form of a transfer of Berkshire shares to them.“

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…plug this into your favorite AI machine….

The phrase "shirtsleeves to shirtsleeves in three generations"

Gemini comes back with a good synopsis & a rule Id’e not heard of…

“The 70/90 Rule: Modern wealth management studies (like those by the Williams Group) consistently show that roughly 70% of wealthy families lose their fortune by the second generation, and a staggering 90% lose it by the third.”

ciao

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