Ted Wheeler Quotes

Yes, I've never inherited a penny!

When vastly wealthy people say, 'I'm not leaving my kids any money,' it's typically not true.

Until 1943 I received no stipend. I was able to support myself as my mother was the daughter of a relatively wealthy cotton manufacturer.

No, I never thought about my father's money as my money.

Our society has a mentality that elderly people pass on their wealth to their son or immediate relatives, and I think we all do it. It's a part of nature and is an exaggerated topic.

For an inheritance to be really great, the hand of the defunct must not be seen.

Rich men's sons are seldom rich men's fathers.

The estate tax punishes years of hard work and robs families of part of their heritage by imposing a huge penalty on inheritance after death - a tax on money that has already been taxed.

I have amply provided for my son during my lifetime.

My family and I have been blessed with good fortune in the world of business. We've created quite a net worth. My children, two boys, have more money than they will ever need, and they aren't empire builders.

Some people want to amass a great amount of wealth and make a great looking obituary. I'm going to die with more money than is good to leave my son.

It's time we permanently repeal the tax on possessions that people leave to their children.

A first-generation fortune is the most likely to be given away, but once a fortune is inherited it's less likely that a very high percentage will go back to society.

I have no family to take care of and no children to pass wealth to.

I have a slightly bourgeois upbringing, I guess. My parents paid for me to go to school, which is nice, but I haven't gotten a dime since then. I have no trust fund. I wish I did.

7 percent of inheritors get two-thirds of all the wealth transfers..

My mom's made it clear to me that, like, there's no trust fund.

I came from a family of extremely old money, and so by the time I was born, there was really just a trickle of money left.

I'm first-generation money in my family.

I have three lovely children. They are beautiful, talented, and kind-hearted. I'm most proud of them. I love them so much that I will never want to burden them with a large amount of inherited wealth.

I have always got gold from my family.

With inheritances, it's really important not to give the impression that you're extorting your children, and one way you can not do that is to make it clear to them that you're not leaving the whole of your estate to them at all, but to various charitable organizations.

My father used to say I would inherit his house but not his seat.

We don't think every man should be free to pass on everything to his descendants.

Saving is a fine thing. Especially when your parents have done it for you.