Friday, July 18, 2008

Affluent Struggle Over "How Much is Too Much"

Wealthy Americans really struggle over how much inheritance their children should receive.  According to JPMorgan Private Bank, more than a quarter of all clients with over $25 Milion simply cannot decide how much is "too much"  Nearly 1/3rd of those interviewed feared that conflict would arise over the allocation/distribution of ivestable assets. And nearly 40% feared that their family would succumb to "financial predators."

Virtually none of those interviewed believed that children under 30 should receive a substantial outright inheritance.  But more than one-half said that they were leaving their wealth to multiple generations.