Leaving children with a substantial amount of money can be a boonor a burden. High-net-worth parents need to give their children aneducation to navigate today s complex world. The questionbecomes how to raise children with a sense of reality and balance,imparting a strong work ethic, and making them good stewards oftheir wealth. Kids, Wealth, and Consequences enlightens high-net-worthparents about the unique issues they need to explore. The bookaddresses the hard financial issues, such asinvesting and estate planning, as well as the soft emotional issues relating to values, family, and communication.Morris and Pearl detail strategies and techniques to help parentsraise children who appreciate and know how to manage the wealththey inherit. Richard Morris spent many years working for his family'smultimillion dollar business, and learned firsthand the challengesof business ownership and family wealth. Jayne Pearl is an experienced journalist who writes about families,family businesses, and money.
Richard A. Morris is principal of Resource for OwnershipIntelligence (ROI) Consulting, which helps family-business ownerspass their businesses to subsequent generations. He is also anadjunct professor at Lake Forest Graduate School of Management.Morris has been quoted in numerous media and is a frequentcontributor to various business publications. He received his MBAfrom Northwestern University. He lives in Chicago. Jayne A. Pearl has been a financial journalist for nearlythirty years, focusing on family business and advising parentsabout children and money. She has been quoted extensively in printand television media. She was a senior editor at FamilyBusiness magazine and also worked at Forbes. Pearl isthe author of Kids and Money. She lives in Amherst,Massachusetts.