[maksimum]

> If Bud and Sam Walton knew they couldn’t pass on their business to their kids, they would either have never done it in the first place or they would structure the business to close out well before they died

How confident are you in those conclusions? There are plenty of very rich people who claim that they don't intend to leave much for their heirs.

[nine_k]

They still can command what happens to their capitals after their death.

Remove this ability, and incentives change dramatically.