The college admissions scandal stretches beyond colleges, raising broader questions like estate planning. Are over-indulging privileged children a larger problem that may cost not only the children, but the parents later in life? 5 celebrity court cases help explore these questions.
While not sharing the same celebrity status as the others on our list, England's Manny and Brigitta Davidson were so successful during their long marriage, primarily through real estate development, that they amassed a fortune worth an estimated 600 million pounds, equivalent to about $785 million. The Davidsons owned a large country estate that neighbored one owned by Prince Charles.
and seize tens of millions of pounds worth of antiques and other artifacts, leading to multiple lawsuits between the parents and their children.about their story. According to the Amazon listing: It's not only the very-wealthy who face this dilemma. To some extent, every parent who contemplates his or her estate planning has to think through this question. In our book,, we discuss the case of a successful plumber who elected to allow his beneficiaries to inherit through his trust only if they first earned an income, which would be matched each year with a corresponding trust distribution.
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The college admissions scandal: How money and privilege make parents stupid and dishonestIn the cacophony of commentary about how a corrupt system allowed rich parents to buy entrance to elite colleges for their children, it's worth remembering that the system is not particularly at fault. At the heart of the allegations is a white collar crime ring.
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Will children at center of college admissions scandal pay a price along with their parents?Administrators at UCLA and USC are reviewing student admission decisions after federal authorities uncovered a massive cheating scandal in which dozens of families paid huge sums to gain access to exclusive schools through bribes and lies.
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'Affirmative action for the rich:' How the privileged legally game the college admissions processWealthy and influential parents often routinely use their privilege to game the college admissions process. And it's perfectly legal.
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'Affirmative action for the rich:' How the privileged legally game the college admissions processWealthy and influential parents often routinely use their privilege to game the college admissions process. And it's perfectly legal.
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Marketing guru Jane Buckingham caught up in college admissions scandalMarketing guru Jane Buckingham is the latest to be caught up in the college admissions scandal. She, along with William Singer allegedly arranged to make a $50,000 donation in exchange for someone to take the ACT in place of her son.
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'The View's' Joy Behar slams Meghan McCain for making college admissions scandal about herselfMeghan McCain also called out 'Aunt Becky's husband' for slamming Arizona State University; a college that hosts the McCain Institute for International Leadership.
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Elizabeth Warren (sort of) defends capitalism, has no sympathy for those charged in college admissions scandalPresidential hopeful Elizabeth Warren went on CNBC on Wednesday morning to talk about everything from the Mueller report and potential impeachment to breaking up big tech and the college-admissions scandal. The Massachusetts senator, who has shunned the “Democratic Socialist” title, also offered up a snarky defense of capitalism.
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Analysis | Why Trump Jr. mocked the parents caught up in the college admissions scandalThe Trumps have always tried to paint themselves as outsiders, even as they benefit from tremendous privilege.
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