Business
Millennials deserve better advice – The Australian Financial Review
Ahead of a massive transfer of wealth, beneficiaries are ill prepared for the responsibility of wealth stewardship.
The idea that the third generation has an air of entitlement as they have grown up with plenty of money and are removed from the work ethic and drive of the people who created the wealth is too simplistic.
The natural dilution of assets as they are shared among generations of heirs clearly does play a role. But more can be attributed to lack of family planning as these sometimes difficult and complex conversations are put off and the beneficiaries are left ill-prepared for the responsibility of…
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