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Money and Finances
Reply to "Ultra high net worth and how much to leave to kids"
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[quote=Anonymous]Being similarly situated it never occurred to us to not pass our wealth on to our child. Charities are the contingent beneficiaries if our child fails to survive us, but otherwise we see no reason to not let our heir benefit from our wealth. If he chooses, he can make charitable gifts with some of what he inherits, but the money will be there to ensure his support and comfort no matter what the future brings. Taking a punitive approach of withholding most of what you have to instead benefit strangers seems pointless and likely to engender lifelong resentment and confusion.[/quote]
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