I'm at a family founders event at Goldman Sachs three weeks ago, and I'm at a Solomon

Partners event last night in Miami Beach.

Okay.

Both of them, they have Dallas at Ross Perrault Jr. there and the owners of the NASCAR family,

as well as Emmett Smith and others, and they're talking about G2, G3, G4, and how do you pass

the wealth onto the next?

And then last night, they had the

founder of 1-800 flowers, the Peri Ellis family and all these other guys that are in the room,

similar type of conversation on how you pass another. The guy that was running Perry Ellis is the

son of the founder of Perry Ellis. So it was kind of like, you got four kids. And you're a G-1.

You made the money. And you made a lot of money.

So how are you setting up the estate planning and the living trust and the expectation

of which one of your kids comes into the business?

If one does not, then how do you set it up with the grandkids?

Then if they marry somebody else, like, oh, my God, I'm marrying a Morgan.

So I'm going to get the money and how do you protect your sons from who they marry

to make sure they're doing it for the right reasons.

How do you process the entire legacy planning with your wealth?

All right.

First, all my children are married.

All my children have prenupts. In my estate, it works like this.

If you don't have a pre-nup, you don't take under the will. So I become the bad guy. And every time I tell people this, I don't know how your kids are. You will remember this. Believe me.

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