Reply to comment
Aakar, have you considered the impact of the American tax system which actually is built around giving more in charity/philanthropy than leaving it behind in your estate -especially since what you leave behind for your own children is taxed at 50%. In INDIA there is no estate tax- I think that is a huge economic motivator for the success of the American "philanthropic" culture....Would love to hear / read more about this aspect if anyone has done any study on it- si
S