A large piece of estate planning involves deciding how to transfer assets to children and descendants. We ask (1) At what age will your children be responsible; (2) Do you want them to inherit large sums of money at age 21; and (3) Will they be mature enough at age 30?
Often times, the answers are, “Who knows!?” “No way!” and “Maybe?” respectively. We believe that our upcoming series, “Teach Your Children Well,” written by Eric Simonson, will inspire parents to think about how to best prepare their children to responsibly spend, save, and invest money.
Photo: theritters
