How much money should you give away now?

Investopoly · Jun 6, 2023 · 16m

Some people plan to give money to beneficiaries (typically children and/or charities) before they pass away, especially if they consider they have more than enough money i.e., surplus wealth. Often, their thesis is that their kids can make good use of the money now, whilst they are younger, rather than waiting another couple of decades. By that time, they’ll probably already be financially established. I discuss what you must consider before making an early inherence. Inheritance tsunamiI’ve stated before that the amount of inheritance (mainly from the baby boomer generation) that is likely…