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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (351162)9/20/2007 1:20:08 PM
From: SilentZ  Read Replies (1) of 1577727
 
>However, the royalty trust thing is a very common practice among the rich although I don't think its in lieu of a corp.

I can confirm that, being that all I do with my day these days is deal with rich people... the ones that have been rich for more than one or two generations do tend to have these. They're to protect their wealth for their kids.

I personally don't like them, but if the government allows them, I can't fault anyone for taking advantage of them.

And usually, the people with the trusts have no idea what's in them. Back in my greener days in the job, I thought that if a person's trust was invested in tech stocks, that meant that the person knew about technology. Couldn't be further from the truth. These people have firms managing the funds and never devote a second thought to the funds other than the bottom lines and the expenditures disbursed.

-Z
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