In the article, The Burden of Wealth, by Caren Chesler, Richard says, “It’s better… to train the children on how to manage money before the parent dies and perhaps let them practice with a small portion of the family wealth. After the parent passes, the trust documents can stipulate that the children won’t receive any distributions unless they can support themselves through good investments and savings and can pay their bills. It’s not ruling from the grave. You’re not saying, ‘Go get a certain job.’ You’re saying, ‘If you can live within your means, then we’ll give you a distribution.”
You can read the full article here: http://www.fa-mag.com/news/the-burden-of-wealth-15456.html
Calling all neighbors in the Alamo, CA area and beyond! You work hard for your money, and now we want to help make it work for you. At Del Monte Group, we offer out-of-the-box wealth management planning that is clear and actionable at every step. If this sounds like the type of financial support you need, schedule an appointment to meet with Richard or Angela today. Visit APlaceOfPossibility.com/Calendar to get your meeting on the books. Need more help or have another question? Feel free to contact our team by calling 925.736.6410 or sending an email to Info@APlaceOfPossibility.com.
