Ruling from The Grave

Through incentive trusts, you can lead wayward young heirs to fruitful lives

Poor little rich kids have never evoked much sympathy. How could they? Most of us aspire to have their problems. Yet substantial wealth, especially when it's acquired suddenly and early, can be both isolating and debilitating. Just try distinguishing genuine friends from parasites after you've come into a few mil. Even heirs who don't turn paranoid may become lazy and unproductive, and ultimately unfulfilled.

A co-founder of Ben & Jerry's Homemade Ice Cream, Ben Cohen once told me he will give most of his tens of millions to charity and leave just $1 million to his daughter, a nice cushion but...

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