Estate planning for an irresponsible child is a lot of work. Fortunately, estate planners may exert influence over how heirs spend their inheritances. Keep reading to find out the best ways to protect an irresponsible child’s financial future... 19 Nov

Strategies: Estate Planning for Irresponsible Children

Sudden Wealth Syndrome is a psychological condition that affects individuals who come into large amounts of money unexpectedly. Whether through an inheritance, lottery win, or investing, the sudden influx of wealth can be overwhelming... 14 Nov

Understanding Sudden Wealth Syndrome: Risks & Safeguards

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’

Ensuring that younger generations don’t waste the wealth you’ve worked so hard to build starts with careful estate and tax planning. It's up to you to set the rules... 29 May

Will Your Heirs Blow Their Inheritance? That’s Up To You!

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

Giving a chronic overspender an inheritance in hope that it will help change their money behavior is almost always magical thinking. Most lump sum inheritances disappear within a few years in the control of an overspender. 02 Aug

How To Protect Your Spendthrift Heir From Themselves

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