Tuesday, March 26, 2013

“Take My Inheritance, Please!”

Today's NY Times offers a special Your Money section, a co-production with APMs "Marketplace Money." The theme: people get emotional about money. True, though not exactly breaking news.

Among Young Inheritors, an Urge to Redistribute, indicates new money isn't always welcome. One heir chose to share his $900,000 inheritance with his extended family. Others gave inheritances to worthy causes, apparently without personal cost. One gets the impression there was "plenty more where that came from."

One also suspects some heirs lack computational skills. A million dollars or so will not support "a life of leisure and luxury" for long. 

Growing Up With a Trust features Stuart Lucas. Back in 2006 this blog plugged his book.

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