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CAIRO BOOKS's Description
Leaving children with a substantial amount of money can be a boon or a burden.
High-net-worth parents need to give their children an education to navigate
today’s complex world. The question becomes how to raise children with a sense
of reality and balance, imparting a strong work ethic, and making them good
stewards of their wealth.
Kids, Wealth, and Consequences enlightens high-net-worth parents about the
unique issues they need to explore. The book addresses the ”hard” financial
issues, such as investing and estate planning, as well as the “soft” emotional
issues relating to values, family, and communication. Morris and Pearl detail
strategies and techniques to help parents raise children who appreciate and
know how to manage the wealth they inherit.
Richard Morris spent many years working for his family's multimillion dollar
business, and learned firsthand the challenges of business ownership and family
Jayne Pearl is an experienced journalist who writes about families, family
businesses, and money.