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Steps to Encourage Financial Independence in the Next Generation
Steps to Encourage Financial Independence in the Next Generation

Most clients have legacy plans as part of their long-term financial goals. But quite a few clients also express concerns about enriching their children without preparing them to handle wealth. It’s not that they don’t love their children. But, they fear that a large inheritance could leave immature heirs dependent and unmotivated. They dread the old maxim that “the first generation creates the wealth, the second generation spends it…”