Wealth Doesn't Last Beyond 3 Generations? Some Rich Families Are Fighting It. 'My Three-Year-Old Can Recite Our Familial Investment Philosophy'

It's an old saying: the first generation builds it, the second maintains it, and the third blows it. But not every wealthy family is content to let that happen. Some families are getting serious about bucking the trend by teaching financial literacy early, setting up airtight trusts, and even turning estate planning into a regular family tradition. Families Are Getting Strategic With Their Wealth “My three-year-old can recite our familial investment philosophy,” one commenter said in a recent Reddit th ...