>>Look, if I ever made millions of dollars, I'd certain leave a good amount to my family to make sure they would do OK, and I'd give the rest to charity. But here's a concept that (sadly) others miss......the money is MINE. That's a concept I wish people would understand....the money would be MINE and I can do with it as I please. Now, me being a reasonably upstanding person, I want to do the right things with it. But if I elected to give it all to my kid, it's MY decision. The govt has no right to decide to tax it heavily, and quite candidly I'm extremely disappointed in those people who think they should have a say/claim on how someone leaves his fortune.
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>Does NOT in the least go against taxation rules in mostcountries i am familiar with. You are free to give it to your kids. THEY will be slapped with gift/inheritance taxes ;-)

I think in the UK it depends on how long after you give it that you die.

If you die more than 7 years after you give your money to your children there is no inheritance tax.