There is a good article in today's Globe and Mail that talks about how wealthy parents talk - or don't talk as the case may be - to their children about money. Click here to read the article.
I was particularly interested in the part of the article that covered the concept of making sure the children understand that any inheritance left to them is a gift and not an entitlement. I whole-heartedly agree that this is something the kids should be brought to realize, but I also know it's just not the norm in our society. The sense of entitlement that I see in families of every economic bracket is very strong.
In any event, the article was interesting and thought-provoking, and will make a great read if you are wondering what you should be telling your children about the family finances.
Thanks this could be a great help and warning as well... for parents to keep their child feet on the ground and be respectful and contented with what they have in the present... preparing them to become a fair executor of calgary legal wills in their future families
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