What Are the Questions?

In various ways, our clients have posed the following questions:

¨    How much money is enough for my kids? The question most often asked.

¨    Will too much money spoil my kids? Same question...different perspective.

¨    Are they better off without it? But then where does the money go?

These are persistent issues in wealth management. Let's examine here what these issues mean and what the answers might be.

¨   What do we mean by “success?”

¨   Why even ask whether wealth has adverse affects on children?

¨   But why is the idea that there is a connection between lack of ambition and too much wealth so powerful? Is it a myth?

¨   As more people in the U.S. have become very wealthy over the last decade, has concern also increased about the adverse influence of inherited wealth on child development?