, leaving them responsible, well-adjusted stewards of that wealth. This book enlightens high-net-worth parents about the unique … issues such as values, family, and communication - Provided by publisher …

Using the Household Finance and Consumption Survey (HFCS), a large micro-level dataset on households’ wealth in fifteen … holds risky assets. The ownership rates of all asset categories generally increase with wealth (and income). The … significance of inheritances for wealth accumulation is remarkable and underlines its key role in the process of persistent wealth …