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Tuesday, April 26, 2011

Donald Trump's Heir Problem

Trump Hair Forbes, Trump’s Real Heir Concerns, by Hani Sarji:

In a recent interview with Steve Forbes, Trump revealed his real heir concerns. These are very serious concerns over who will succeed his business:

Forbes: So, what do you do about succession? You have three up-and-comers.

Trump: Well, I do. And maybe five. I really have good children. . . . It’s a very tough decision, because you say, do you leave a bigger chunk to one? Do you break it up evenly? Do you do this? Do you do that? . . .

But it’s very complex. In a way, it’s the most complex thing. And you understand that through your family, and your children, and you know, what’s going to happen here and there. . . .

And I would say — and we could mention a couple of them — but I would say the most vicious fights I’ve ever seen, whether it’s Koch or Milstein or this or that, the most vicious fights are those inter-family fights, when it doesn’t work. So, it really is a very important decision, as to what happens when we’re gone.

Trump highlights a classic difficulty in dividing an estate among children: “do you leave a bigger chunk to one? Do you break it up evenly?” As he makes clear, there are no easy answers.

http://taxprof.typepad.com/taxprof_blog/2011/04/donald-trumps.html

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Comments

Breaking it up evenly, at least the part you don't give to charity, is the only way to avoid promoting discord among the heirs.

Posted by: AMTbuff | Apr 26, 2011 9:01:30 AM

I think the real dilemma for Donald is recognizing that Donald Jr. and Eric both have sub-90 IQs. Ivanka on the other hand appears incredibly intelligent. If he wants his legacy to live on, he has to give her the lion's share.

Posted by: BL1Y | Apr 26, 2011 10:40:59 AM

lol, the pun in the title of this post is hair-larious.

Posted by: gary | Apr 26, 2011 5:48:24 PM

Maybe Trump, today, by forcing the release of what I guess is a real birth certificate, solved the heir problem of Barrack Obama's parents.

Posted by: Woody | Apr 27, 2011 8:21:53 AM