July 28, 2021
The gifting considerations of Canadian ultra-high-net-worth families
The practical and emotional considerations of financial gifting to family and friends in a way that means it is received and realized as the gift that it is intended to be are explored by Marvin J. Schmidt in this article.
Warren Buffet famously said the perfect amount to leave to children is “enough money so that they would feel they could do anything, but not so much that they could do nothing.”
Though Buffet is talking about how much he will leave to his children, how much one should gift their children during their lifetime has similar considerations and is often a more pressing matter.