Sting, of the Police, has revealed his children will not inherit his £180m fortune, fearing that his riches are “albatrosses round their necks”.

The former frontman of The Police grew up in a working-class family in Wallsend, North Tyneside, and has gone on to become one of Britain’s wealthiest musicians.

But in an interview with the Mail on Sunday, he said he has told his six children not to expect to inherit much money because he doesn’t believe in trust funds.

via Sting says his six children will not inherit £180m fortune | Music | theguardian.com.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.