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

By Richard A Morris, Jayne A Pearl
Leaving children with a substantial amount of money can be a boon or a burden. High-net-worth parents need to give their children an education 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. Richard Morris spent many years working for his family's multimillion dollar business, and learned firsthand the challenges of business ownership and family wealth. Jayne Pearl is an experienced journalist who writes about families, family businesses, and money.

Pearl has been a business reporter and editor for 20 years.



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ISBN: 9781576603482

About the Hardcover

Publisher Bloomberg Press
Publish date 02/17/2010
Pages 272
ISBN-13 9781576603482
ISBN-10 1576603482
Language English

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