Financial Gravity: How To Talk To Your Kids About Money

My job as a financial planner and wealth manager is to help clients create the most wealth and help them make smart tax, legal and financial decisions. Implicit in this advice is the goal to help clients create richer, more meaningful lives. However, in working with clients over the years, I have noticed one issue that has created a great deal of anxiety. It's one of the biggest fears affluent parents have -- leaving their kids money. Let me go through some of the numbers and then we're going to talk about some ideas as to how we can help the parents and also the kids.