Preserving your legacy and passing on generational wealth is a cornerstone of financial and estate planning. But it doesn’t always pan out. There is much to learn from ultra-rich families who lose everything after passing on their wealth... 26 Oct

Lost Legacies: Wealth Squandered By the Heirs of the Ultra-Rich

My mom, 65, inherited $450K when my dad died — but now she’s hooked on slots and burning through the cash. How can I protect our family’s assets before it’s too late? 27 Sep

My Mom Inherited $450k: Now She’s ‘Hooked on Slots’

Texas woman, 40, squandered $250K inheritance on travel and ‘fancy dinners’ — how she turned things around... 13 Sep

Texas Woman Squandered $250K Inheritance

The multibillion-dollar fortune belonging to the reclusive Hermès heir has seemingly vanished months after he promised to donate a large chunk of his colossal inheritance to his gardener. 01 Aug

Hermès Heir’s $13B Fortune Has ‘Seemingly Vanished’

Incorporating tools and strategies into your estate plan to mitigate a beneficiary’s spendthrift habits is vital to protect both the beneficiary and your assets. 21 Mar

Estate Planning Strategies for Managing a Spendthrift Beneficiary

These tales of financial decline serve as cautionary reminders of the intricate relationship between wealth, responsibility, and the human condition. These people inherited riches but ended up with rags due to lavish lifestyles and financial blunders. 07 Sep

They Inherited Riches… But Ended Up With Rags

It’s hard to know how much of Barbara Hutton’s tragic life was caused by her early inheritance. But her story still can be useful to help spare children and grandchildren the irreversible damage caused by too much money at too early an age. 14 Feb

The Woolworth Misfortune: How Not To Provide For Heirs

These People Inherited Fortunes — Then Blew Them All Away | Celebrity Estates | High Net Worth | Estates Gone Wrong 17 Feb

People Who Inherited Vast Fortunes & Blew Them All Away

We may not have billions to lose, but we can still learn something from these families' misfortunes. Here's how five of the richest American families lost their money — and you may want to take notes. 24 Mar

How Five of America’s Old Money Families Lost It All

Yes, the statistics may be grim. But just because most wealthy families see their fortunes evaporate within a couple of generations does not mean yours will. Here are some strategies to avoid it... 17 Jun

Most Kids from Wealthy Families Squander their Inheritance

A blessing and a curse... Soon after coming into my windfall, I was bombarded with people who were only interested in my money. Acquaintances were constantly throwing investment pitches my way, and friends expected me to foot the bill. 10 Jan

What Blowing a $250k Inheritance Taught Me

I had no idea I was due to inherit a substantial sum. Sudden wealth puts you in a cocoon; it makes you feel invincible. I thought I was Superman... I was too young and immature to handle such wealth. 19 Jun

Sudden Unexpected Wealth: How I Blew My Inheritance