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The Inheritance Effect

The unintended consequences of estate planning on future generations—and what to do about it.

In our society, company founders and entrepreneurs are typically lionized as risk-takers and wealth-makers, while those lucky enough to inherit their wealth are too often stigmatized as “silver spoon in the mouth kids.” Regardless of talent or effort, those dubbed “silver spoon” kids face an uphill battle to be regarded as business heroes and seem fated to remain “kids” in the eyes of their skeptics and senior folks in and around the business. We call this phenomenon the “Inheritance Effect”

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