inherited wealth


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Noun1.inherited wealth - wealth that is inherited rather than earned
wealth, wealthiness - the state of being rich and affluent; having a plentiful supply of material goods and money; "great wealth is not a sign of great intelligence"
old money, silver spoon - the inherited wealth of established upper-class families; "he was born with a silver spoon in his mouth"; "she is the daughter of old money from Massachusetts"
References in classic literature ?
I am the enemy of all those who, because they possess an ancient name and inherited wealth, consider themselves the God-appointed bullies of the poor, dealing them out meagre charities, lordly patronage, an unspoken but bitter contempt.
It may be added that Gibbon is one of the conspicuous examples of a man whose success was made possible only by the possession and proper use of inherited wealth, with the leisure which it brings.
But we don't feel so good about inherited wealth - we'll take it, but most people feel a little bit guilty about taking other people's money.
Working alongside experts in tax law & estate planning we can assist in passing wealth on to the next generation for wealthy families concerned about the effects of inherited wealth on the next two generations.
They are especially common when there are second marriages or inherited wealth so that families can ensure fairness in preserving family wealth for their children and grandchildren.
The theory categorizes people based on the amount of inherited wealth and presumes upward social mobility is almost impossible.
The division is also benefiting from the transfer of inherited wealth from baby boomers to the next generation, he said.
They run a mail order party and decorations supply firm and own Bucklebury Manor, West Berks, with inherited wealth adding to their fortune.
Aware of the potential for inherited wealth to create unintended results, some of our clients (including those not mega-wealthy) are wondering if there's another way.
She had a household income of $250,000 (Dh917,500) and inherited wealth of several million dollars.
Earlier this year, the Social Mobility Commission published research which found that the proportion of first-time buyers relying on inherited wealth or loans from the bank of mum and dad had reached a historic high and the trend looked set to continue.
This confidence gap increases if their husband or significant other made the money or they have inherited wealth.