I came across this interesting article on Yahoo Finance by Blake Ellis, enjoy!
Tough luck, kiddos: Your rich parents may give the fat inheritance you're expecting to charity instead of to you.
About 32% of high and ultra-high net worth Americans say it isn't important to leave inheritances for their children, according to a report released Monday by U.S. Trust, Bank of America's private wealth management division. Among baby boomers, that percentage rises to about 45%.
The top reason respondents cited for not leaving money to their children was that "each generation should earn its own wealth."... read more of this article by clicking here.