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"
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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.
No man who honors the profession of letters, or regards with respect the higher and more enlightened forms of scholarship, will ever think without admiration of the noble genius of Gibbon.' 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.
There's a similar risk for inherited wealth. If an individual has inherited wealth from deceased relatives, unless it's protected, then it will count as a marital asset if the inheritance is reinvested during the marriage.
He left behind an invaluable and enduring legacy, an awakened national realization that it is up to each generation to affirm, protect and defend the inherited wealth of our nation.
Here are some conclusions: When the rate of return on capital significantly exceeds the growth rate of the economy, which is the case in the 21stcentury, it follows that inherited wealth grows faster than output and income.
"Our law firms and what happened to our business partnership - it isn't your goddamn business." He also said he inherited wealth from his late mother.
The court inquiry stemmed from complaints filed last October, after an investigation by The New York Times found that the Trumps had engaged in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the inherited wealth of Trump and his siblings.
The vast majority of them share a background of inherited wealth, private-school and elite university (largely Oxbridge) education, and if ever in gainful employment, have narrow experience in the City or law.
Aside from his inherited wealth, Prince William also earned a considerable salary as a helicopter pilot for the East Anglian Air Ambulance.
But research out of Sweden suggests there's another factor driving opposition to the estate tax: Many people may simply be unaware of basic facts about inherited wealth.
The people are being deprived of their only inherited wealth, while some had acquired land and had constructed houses after spending their entire life savings have now been rendered homeless.
At Barnes & Thornburg, Boulette works on high-stakes family law cases involving closely held businesses, complex valuations, executive benefits, inherited wealth, and more.