Discussing Finances with Family

How does Bill advise his clients when it comes to paying for adult children? What are the pros and cons of continuing to financially support children into adulthood? And for children, how important is it to discuss finances with parents, and when should that discussion begin? On the other hand, how do parents instill a sense of financial independence if their children know they can afford to pay for them without risking financial hardship? Bill provides anecdotes from his career and Anastasia compares the effects of family wealth on children to the fictional family depicted in the HBO show Succession. For questions and comments, you can email us at [email protected].