Most wealthy Americans are hesitant to leave large inheritances with their children.
<a href="https://www.fool.com/research/high-net-worth-inheritance/">The Motley Fool</a> surveyed 2,000 American adults with net worths over $1 million; although 76% of high net worth individuals plan to leave inheritances, as many as 68% plan to have money accessible only after heirs meet specific conditions.
For example, Shark Tank entrepreneur Kevin O’Leary “designed a trust that skips his adult children and will support his grandchildren until they graduate from college” — a design that over 60% of individuals surveyed by The Motley Fool considered. 
The company further explains:
<blockquote>High-net-worth individuals can structure their inheritances to mitigate concerns about a large inheritance being mismanaged or leading their children to become lazy. Popular approaches include incentive trusts that set conditions to access bequeathed assets, like maintaining good grades or volunteering at a charity. 
With Baby Boomers aging and holding $30 trillion to $40 trillion worth of assets, it&#8217;s hard to overstate the importance of how high-net-worth individuals are approaching inheritances. </blockquote>
When asked about why they are concerned about leaving large inheritances, 59% of respondents said that the assets may be used irresponsibly. Meanwhile, 57% believe that their heirs would not be prepared to manage a large inheritance; 56% believe that assets would be better used elsewhere, such as for charity; 56% also believe that leaving too much would cause beneficiaries to be lazy.
Almost two-thirds of respondents have considered a “generation-skipping inheritance” — which would pass assets to “the grantor&#8217;s grandchildren or anyone at least 37.5 years younger than the grantor who is not a spouse or ex-spouse.” Such arrangements “dodge estate taxes that would otherwise be applied if assets were passed to the grantor&#8217;s children” and “mitigate concerns about leaving too large an inheritance by specifying that assets be spread over multiple generations.”
“What’s clear is that high net worth individuals are concerned about the effects of leaving too large an inheritance,” Motley Fool research analyst Jack Caporal commented to <a href="https://www.cnbc.com/2021/09/19/millionaires-are-worried-about-leaving-their-kids-too-much-money.html">CNBC</a>. “They are aware of and actively considering leaving inheritances with conditions that incentivize their heirs to pick up on values that they think are important, such as hard work, doing well in school and finding a good career track.”
“The results and their responses were definitely guided by their own experiences, which is interesting because you get a sense from them that these were not unfounded concerns, but that they relate to their own experiences having inherited a lot of wealth,” he added.

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Seven In Ten Millionaires Hesitant To Leave Large Inheritance; Over Half Have ‘Lazy’ Children Concerns

CONTINUE READING

Bud Light Sales Continue To Plummet, May Soon Lose Status As Number-One Beer

‘Profoundly Christian’: Former Head Of Anglican Church Presses British Government To Endorse Assisted Suicide

Ben Shapiro Reacts To Debt Limit Deal, Hits Both Democrats And Republicans Over Spending Habits

‘The Chosen’ Defends Pride Flag Spotted On Set: ‘Let The Show Speak For Itself’

Chick-Fil-A Faces Backlash As Their Diversity Efforts Resurface, Other Woke Brands Take Beating

North Korea Sentenced Two-Year-Old To Life In Prison After Family Caught With Bible: State Department

News and Commentary

Money

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Menu

— News and Commentary —

Seven In Ten Millionaires Hesitant To Leave Large Inheritance; Over Half Have ‘Lazy’ Children Concerns