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Reply to "Children Inheriting Large Sums of Money"
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[quote=Anonymous]Hi OP, I’m now 30 and was left a million+ in a trust at age 12 by a childless relative- my parents weren’t told before. Have you ever heard of bogelheads? It’s a forum for money that adopts the philosophy of using conservative investments (index funds and bonds) to build and maintain wealth. My dad ascribed to that philosophy and also used the website’s advice to slowly educate me about money over time. You mentioned your kids are still young- I think you should go take a look there and read about the technique of increasing disclosures as kids grow up so they slowly become exposed to the money and it’s not a big splash once it happens. [/quote]
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