Reply to Children Inheriting Large Sums of Money

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[quote=Anonymous]On the 95% chance your kids turn out well (it sounds like you're a very thoughtful and invested parent so strong odds that they will) having a giant chunk of change could actually be wonderful for them.  They can pursue undergrad and graduate degrees without a worry, they can select careers they care about like teaching and non-profit work without worrying about their salary's impact on their own kids lives, they have a mental safety net and can take some well calculated risks that someone without a financial cushion couldn't afford to take.

Yes there is a 5% chance the money will make them lazy and they'll blow it on stupid junk.  Under any circumstance they will likely spend some of it on frivolous things and you'll have to bite your tongue that they're "wasting it".  But try to appreciate all the wonderful things this can bring to them and while they're going up keep an open dialog about the values / money / hardwork / how lucky they are to have this and how smartly they can use it etc.  Odds are what you role model will be what defines their future.[/quote]

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