Serious Coin
How Much Wealth to Give the Kids? with Matthew Wesley
Mar 20, 2024
Matthew Wesley, advisor to ultra-high-net-worth families, discusses how much wealth to pass on to kids, the importance of preparing heirs, the problems with tax-driven estate planning, and challenges in intergenerational wealth transfer. The podcast delves into balancing inheritance and responsibility, defining wealth's purpose, and navigating generational transitions.
32:51
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Quick takeaways
- Focus on preparing children to handle wealth, not just the amount inherited.
- Balancing legal entitlements with moral responsibilities in structuring wealth transfer.
Deep dives
Reframing the Question of Inheritance
The podcast episode delves into the idea of reframing the traditional question of how much money to leave to kids, indicating that a more important consideration is how prepared the children are to inherit. The example of a client with young children highlights the shift in focus towards ensuring children are equipped to handle wealth rather than solely looking at the monetary value of the inheritance.
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