The oldest family members should acquire the lowest-growth assets…

The oldest family members should acquire the lowest-growth assets, to meet the family's twenty-year horizon, and intermediate generations should take positions in accordance with the family's fifty-year horizon. You will quickly apprehend that the plan works best when the youngest family members and the long-term family trusts that are exempt from estate taxation and generation-skipping transfer taxation have the most money, and the oldest members of the family the least.

— from True North (Ethics, Integrity, Truth, Values)

Also belongs to

Related