Thursday September 11, 2008 - Over the Hill Gang: Should the Kids Inherit It All

[0:01] ..." of the over the hill games here on WBZ news radio 1030 certified financial planner immediately and today. We're asking the question should the kids inherited all in every -- in the audience and houses of course"...

[0:41] ..." leave everything to your kids when you -- Good question indeed well Bill Gates isn't planning to do that right a lot of rich people don't warm Buffett thought that was such a good idea he's giving his native Bill Gates to give -- Its deputy director Sam ended the same thing you know he didn't leave on his millions to his kids his kids are not necessarily. War they're not they're not but the you know is that people don't want to deprive their children of growing on their own. And that's what happens think about Paris Hilton as the role model of over indulged child. I throw a president -- supposedly so you know if you have a lot"...

[2:03] ..." lines if you can afford to. You know I'll pay for the grandkids education -- your kids money for a down payment house give money future synagogue album on the Red Cross. But only giveaway"...

[0:00]" Looking at the realities of the over the hill games here on WBZ news radio 1030 certified financial planner immediately and today. We're asking the question should the kids inherited all in every -- in the audience and houses of course which is an appearance -- and links you know to -- to this gang is -- mission statement all the membership -- an estate planning because you know. Dying is inevitable no one gets out of this world alive so every moment to go to heaven but no lifted to -- get they have a so this is an important part of your plan how do you like your assets your belongings distributed and you died pushing them. If you calculated a large amount of assets. What do you do with them should you leave everything to your kids when you -- Good question indeed well Bill Gates isn't planning to do that right a lot of rich people don't warm Buffett thought that was such a good idea he's giving his native Bill Gates to give -- Its deputy director Sam ended the same thing you know he didn't leave on his millions to his kids his kids are not necessarily. War they're not they're not but the you know is that people don't want to deprive their children of growing on their own. And that's what happens think about Paris Hilton as the role model of over indulged child. I throw a president -- supposedly so you know if you have a lot of money there's some really legitimate. Concerns money does not buy happiness. It does ease the pain now if you're miserable of course. By two can't excellent values and work ethics with inherited money people try to do it all the time their wills that worked as you cannot control you cannot control wanted to gift it's against the and how much money did the -- need to succeed you know him as and said -- did not think his kids needed more in the millions. And what would a lot of money do you it's the kids it may change their lifestyle and make changes for the worst possible way and and -- protect those assets from active sports that's also a problem. So my my philosophy is giving away your lines if you can afford to. You know I'll pay for the grandkids education -- your kids money for a down payment house give money future synagogue album on the Red Cross. But only giveaway which you don't need on the stoop with your kids about what you're going to do and where you -- the money to go. And split the money equally among your children if you are going to give them and teach your children just because you one child -- successful but doesn't mean the child that isn't successful. Needs more. Because the child is successful work very hard to get those dollars. And you do not want your children fighting over money at your -- happens all too often think you do you'll have more tomorrow here on WBZ news radio 1030."