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The Heart of Money: Wrestling with a Question of Inheritance

Let your values influence how your spend your money

<em>Edit Article</em> The Heart of Money: Wrestling with a Question of Inheritance

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Question: I’m wrestling with an inheritance question: whether to pass my parents’ money to my kids. I don’t think I need it, and it could give them a good boost. It could go into a trust or something, though that seems controlling. I want my kids to be free. Down the road, I also don’t want to be worth too much more dead than alive. Any thoughts?Paul Sutherland: Many thoughts run through my mind as I consider your question, but the first thing I want to share is a story that was told to me years ago. I don’t remember it exactly, but the story came from one of the first books on sociology, published in 1897 by a Frenchman named Emile Durkheim, who studied change in social status. The world really seemed to be speeding up back then!Durkheim had asked people to picture a tall and handsome prince riding through the countryside on a beautiful horse, wearing his finest and looking for a lovely maiden. Next, he asked them to visualize a young maiden who sleeps on the ground with the chickens and pigs and often gets by eating grubs. The maiden gets swept up by the prince. She’s washed and gloriou …

Paul Sutherland is chief investment officer of the FIM Group and founder of the Utopia Foundation, which sends volunteers around the globe through To ask Paul a question, email him directly at [email protected]

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This entry is tagged with:
Financial AdviceFinancesValuesChildrenWealth

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