New research shows nearly half of parents do not intend to split their wealth evenly between their children – with the next generation claiming to have poor oversight of their family’s financial plans.
The Netwealth report, Generation game: Financial Tribes in Family Finance, revealed the risk of family financial friction as 47 percent of parents do not intend to split their wealth equally between children.
While two thirds of parents (66 percent) believe their children have a clear understanding of thei...