Editor’s note: This is part three of a three-part series about helping the younger generation with financial planning and wealth building. Part one is Four Ways Parents Can Help Kids Be First-Time Home Buyers. Part two is Three Ways Parents Can Transfer Wealth to Help Their Kids.
They say it takes a village to raise a child, and when it comes to teaching the next generation about managing great wealth, it likely takes more than a village. It requires the right strategy, thoughtful intent and sometimes difficult conversations, all preferably done way before the actual asset transfers happen.
