Money Matters: Teaching Kids to Be "Trust" Worthy
Is your child or grandchild going to be the recipient of a large inheritance?
The problem of raising financially responsible children is compounded when children receive trust funds. An inheritance can seem like a windfall, especially to a young person just out of their teens or recently graduated from college.
“Some parents hide trusts from their kids because they are afraid the money will ruin them,” says Dick Wagner, a financial planner and principal of WorthLiving, LLC.
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