The intergenerational transfer of wealth is a topic of passionate debate. Hugely diverse opinions depend on the age of benefactor, the age of future beneficiaries and their financial acumen, and family stability.
Some familiar themes
- Parents and grandparents want the best for their families. This could mean providing financial resources for children and grandchildren to be educated at a top public school, or to support a talent in the arts or a sporting environment that may not generate significant income.
- Entrepreneurs who build their own wealth often see themselves as role mo...