More Than Money
Issue #9

Money and Children

Table of Contents

“Dying Broke”

An article called "Dying Broke" in Worth Magazine , July/Aug.95, begins: "An anti-inheritance backlash is taking root. It's too early to call this fledgling intellectual movement a trend. But it should prove of more significance than any one-time transfer of wealth--no matter how large."

The authors interview parents who proudly choose to die with no money in their estates. They cite the drawbacks both to family and society of the accepted "culture of inheritance," and the many benefits of dying broke--not the least of which is enjoying one's money more, and being alive to see one's gifts well-used.

The article also includes a thumbnail sketch of the financial planning steps that prudent "die-brokers" might want to consider.


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