Family Business
- Tags:
- Wealth
- Source:
- Thomson
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Overview: While the advantages of inherited wealth are obvious, there are many disadvantages that planners must help clients address. As financial planners, one comes across a very wide spectrum of individuals with much wealth. Some probably earned their wealth by starting their own businesses, others may have worked their way up in a corporation, and still others may have inherited their wealth. While the advantages of wealth are obvious, inheriting wealth often comes with some disadvantages that are real enough. While for some children it is their passionate drive to outdo their parents that hinders their success, others face the opposite problem of diminished self-confidence. Outsiders often dismiss the rank of children of successful business families as the result of being born into prosperity and power. As a society, one has a long way to go toward recognizing the reality of affluenza. While the public readily sees the opportunities and freedom of being raised wealthy, the drawbacks of wealth are met without sympathy.
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Format: HTML | Date: Apr 2001 | Pages: 1
