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Secrets of Responsible Parenting
Published in Investments & Wealth Monitor, September/October 2011

Challenges for family wealth creators: The older generation tends to worry but has trouble knowing what to do about their concerns. Right now, things appear calm and comfortable across the generations. Why disturb it by talking about things that can wait? The creators also worry about what will happen to the wealth when it gets into the hands of the next generation. How will the kids use it? If simply preserving the money is the goal, then it is prudent to put it in the hands of financial professionals who can invest wisely. Make the professionals responsible, so the kids are passive heirs who can enjoy their gift. Mission accomplished: The wealth is preserved. Or is it? Read the article.