Monthly Archives: October 2010

Feeling Very Different

“Wherever I have gone, I have been quite aware of being wealthy, having always been wealthy, having always had money, never having had to worry about money. I’m very conscious of it, and it causes me to feel guarded, not in the sense of not letting know because they might take some of it but guarded almost in a confusion of embarrassment or apology. It isn’t shame, it’s a sense of, ‘uh oh, if this gets out, I’ll have to apologize.’ ”

From “Raleigh Jordan,” The Legacy of Inherited Wealth: Interviews with Heirs, by Barbara Blouin and Katherine Gibson, Trio Press/The Inheritance Project

Love and Money in Wealthy Families … Often a Big Tangle

Here is a second excerpt from Wealth Counseling: A Guide for Therapists and Inheritors Dennis Pearne, Trio Press/Inheritance Project, 1999

“Love is frequently confused with money in wealthy families. Parents who are away a lot may try to make up for their absences with gifts. They may also use money, instead of love and approval, to attempt to influence behavior and shape a child’s development. Continue reading

Emotional Complexities of Estate Planning

This excerpt begins a series of wisdom from a booklet offered only by The Inheritance Project. Check this site for more material in the coming two weeks.

“Whether we acknowledge it or not, estate planning is fraught with emotionally-charged decisions. The prospect of sending our wealth into the future without us can be daunting. As we weigh the risks and advantages of passing along significant assets to our offspring, we encounter our feelings about our money, our children and ourselves. This article follows the adventures of … a fictional family created to illustrate the challenges of leaving wealth to children. Continue reading