re: Anyone ever think about legacy?

So how do you talk to your children about money? Some saver parents do a wonderful job of transmitting their money values to the kids. Others, not so much. It takes more than luck to grow a family fortune. Once the cash is in their hands, they may feel no obligation to steward it for the next generation....or even see it as a good idea to accumulate more. How much is enough? When does it become a burden rather than an opportunity? How does philanthropy enter into the picture?

If you really, truly don't want them to spend down the principal, start planning now.