Trusts can be very powerful tools to transfer and protect family wealth for future generations.
67% of individuals over age 50 want to use their wealth to invest in their children and grandchildren.
Bush famously wasn’t a self-made millionaire before the 1960s, when he was already in his early 40s.The presumption there is that he didn’t personally inherit a huge amount of wealth early on. Tax returns back it up.
If your relationship with a close family member has fractured, you may want to disinherit that person.