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Kiplinger
Kiplinger
Business
Mallon FitzPatrick, CFP®, AEP®, CLU®

The Inheritance Dilemma: How to Pass Down Wealth Without Destroying Ambition

Young man in sunglasses smiling and leaning back in a colourful hammock.

The transition of wealth carries a quiet, universally recognized paradox: The very resources designed to provide security and boundless opportunity can inadvertently destroy a child's drive, purpose and self-reliance.

Parents across the wealth spectrum fear that an unearned windfall will leave their children in a permanent "financial hammock," devoid of the struggles that forge character.

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