Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation

Leaving children with a substantial amount of money can be either a boon or a burden. High-net-worth parents need to give their children an education - financial, emotional and intellectual - to navigate today's complex world. The question becomes how to raise children with a sense of reality and balance, imparting a strong work ethic, and making them good stewards of their wealth. Kids, Wealth and Consequences enlightens high-net-worth parents about the unique issues they need to explore. The book addresses the 'hard' financial issues, such as investing and estate planning, as well as the 'soft' emotional issues relating to values, family and communication. Morris and Pearl detail strategies and techniques to help parents raise children who appreciate, and know how to manage, the wealth they inherit.