Finding Balance: Providing Opportunities for Your Children Without Enabling Them
Overview
All parents have reasons for why they do or do not share their wealth with their children, and neither option is without challenges. The key for parents is to find the balance between sharing everything and sharing nothing while also passing along the skills required to ensure their children become responsible inheritors and/or beneficiaries. Here are some best practices for striking that balance without losing the opportunities that come with significant wealth.