Are your children prepared to handle your wealth?

Description

Abstract: Parents who have built up a large estate and are eager to share their wealth with their children may be concerned about the kids’ ability to handle it. Fortunately, there are ways to help ensure children won’t blow through their inheritance at a young age. This article discusses creating incentive trusts, educating children on money management, being smart with distributions to them, and communicating with them about the reasons behind the decisions taken.