The “U.S. Trust 2015 Insights on Wealth and Worth” survey has gained insight on some of the top concerns of ultra-high net worth (UHNW) families. These concerns range from personal physical and emotional health, to also having a desire to give back to society through charitable giving. One of the main things that UHNW families worry about is whether their children will manage the inheritance left to them in a responsible manner. There are financial techniques like setting up trusts that UHNW families can use to help provide guidance to future beneficiaries.
See Maureen Nevin Duffy, Kids A Top Worry Of Rich Families, Survey Says, Private Wealth, June 23, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
