The NY Times has published an article, Wealth Matters - Teaching The Entitled Young the Financial Facts of Life, which discusses the concern of wealthy families that their children will develop a sense of entitlement and, as a result, be less self-reliant. The article also discusses various estate planning techniques (e.g., GRATs) and how these techniques interact with such a sense of entitlement by children.
Posted by Lewis J. Saret, General Editor, Wealth Strategies Journal.
Posted by Lewis J. Saret, General Editor, Wealth Strategies Journal.
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