July 31st, 2012
Note from J. David Lewis – This excerpt is from the New York Times article that should be good reading for anyone who thinks about the meaning of their resources to future generations. It has clear connections to our slogan – There is more to money than money®.
“What heirs should know and when is the question every parent wants answered, Mr. Williams said. “The biblical story about the prodigal son was really about a son who wasn’t prepared,” he said. “It’s the same problem today.”
The better question parents should ask themselves, he said, is what they want to accomplish with the money. Waiting may result in a higher tax bill but could avoid generations of family discord.” – By PAUL SULLIVAN; Published: July 20, 2012
Read the full article via What to Tell Children About Their Bequest and When – NYTimes.com.