Can a large inheritance do more harm than good? According to a new article from the American Association of Retired People (AARP), many wealthy parents still struggle with decisions about how much money should be left to their children, and how that inheritance should be structured.<\/p>\n
Wealthy parents from Bill Gates to Sting have publicly declared that their children will have to make their own money. And according to a recent article in CNBC, a number of Bay Area parents are following suit, fearing the implications of handing down too much money.<\/p>\n
But increasingly, a number of private individuals and wealth advisors are expressing more nuanced views.<\/p>\n
Wealthy parents have a unique opportunity to raise their children to be responsible and principled wealth managers, regardless of the size of their inheritance. Parents with the opportunity to engage in significant charitable giving can and should involve children in the process of examining opportunities (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Can a large inheritance do more harm than good? According to a new article from the American Association of Retired People (AARP), many wealthy parents still struggle with decisions about how much money should be left to their children, and…<\/span><\/p>\n