What to Tell the Children About Their Inheritance and When
In this article, Paul Sullivan writes about some individuals who inherited money at a fairly young age. Some of these “kids” were ill prepared to deal with the issues associated with receiving such a windfall. We work hard to provide for our families but are we doing a good job of educating our children from a young age on the importance of hard work even if such a windfall should occur? While most of us view the “inheritance” as a blessing, it is important to consider how it will impact our beneficiaries.