One of the biggest conundrums for wealthy parents is how to teach their kids the value of work.
These kids are never too young to acquire a taste for luxury.
Creating a philanthropic family legacy begins with educating your kids.
Kids! You probably love them if you have any, but your bank account certainly has a different opinion, I’m sure.
Discussing money used to be one of the taboo topics of polite society, along with religion and politics. Unfortunately, many wealthy parents won’t even discuss money with their kids, leaving them ill-equipped to handle finances and the emotions that often come with inheriting wealth. One survey, by SEI Private Wealth Management, showed that about a