And how should we think about what we leave our kids? Or an alternative would be to leave all of your money to a family foundation where the kids are the directors who would designate the money only to charities. Warm money is money you give us with love, while you are alive, and you’re able to witness our appreciation of the gift. A suggestion might be to leave half your estate to your kids and the other half to charities, allowing your kids to designate which ones they would like to choose to give the money. Doing this will leave a valuable life lesson to your kids that will be remembered.

Source: Forbes June 07, 2017 14:03 UTC