“I give them a $20,000 gift and I don’t get a thank you?” Sound familiar? The dollar amount may vary, but the frustration is the same. More and more people are frustrated and confounded at the lack of appreciation they experience when passing along their wealth to their children and grandchildren.
They worked hard for their money because they wanted to give their kids and grandkids a better life. But these generous people are realizing that their wealth is causing them more grief than gain.
At The Williams Group, a firm that works with families struggling with wealth transfer and its impact on the inheriting generation, we are often asked, “How do we leave our wealth to our kids and not cause more grief?”