In most developed countries, the inheritance tax is very high, and the rich leave their inheritance to their children, which is undoubtedly more than half of their property to the state. We visited the villa of a former private rich man abroad, and then it was nationalized and transformed into a museum, so that we could visit it. It is because the children can't afford the inheritance tax that they have to hand over the villa to the state.

Many rich people will set up various charitable foundations in front of them in the future. These properties can not only be tax-free, but also their children can directly inherit the management rights of charitable foundations in the future without paying inheritance tax. The wealth of the rich can be passed down from generation to generation through the way that later generations manage charitable foundations. By managing charitable foundations, their food, clothing, housing and transportation will not be affected.

By establishing charitable foundations and professional management teams, foreign rich people can also solve the problem of being poor for three generations. A professional management team can solve the problems such as the heirs' ignorance of management and poor management of charitable foundations, while the management right of the descendants of the rich is actually ownership and the real controller of charitable foundations.

Don't think that the rich abroad are really noble. Many of us don't know the real function of their charitable foundation. Therefore, many famous families abroad can survive for hundreds of years because of the effective operation of various charitable foundations they have established.