70% of American millionaires would not want to leave “a lot of money” to their children

When the deathbed approaches, many people wonder how they will distribute their assets, whether they are many or few, to their loved ones. Probably, those who do not have too many valuables are very clear about how the distribution will be, but in the opposite case, a host of doubts may arise.

According to financial standards, a person can be considered wealthy if he has in your bank account over $ 1,000,000, as well as various goods such as cars and houses. It is common that when we think of millionaires, images of artists or athletes come to our mind, but under the above parameters the panorama may be broader.

According to a survey conducted by The Motley Fool of 2,000 people with great purchasing power, they stated that they are extremely concerned about the large amount of fortune that they could eventually inherit to their children. Although it seems a joke, the people consulted question themselves if they will leave a lot of money to their future heirs.

According to the study, 67% of those surveyed considered that one of their main concerns is leaving too much money for their heirs. The people consulted reported that they have numerous doubts about the effects of leaving too much money with your heirs. Several wondered that the wealth obtained by the heir would result in it being used irresponsibly.

In addition, the survey revealed that 85% of those consulted said that to transfer their assets, the heirs must meet certain conditions to receive what will be given. 84%. of those surveyed who received an inheritance worth between $ 500,000 and $ 1,000,000 said they agreed with that position.

Jack Caporal, a research analyst at Motley Fool, said in an interview with CNBC that rich people “are aware of and are considering leave inheritances with conditions that encourage their heirs to retake values that they believe are important, such as hard work, doing well in school and finding a good career path ”.

Although respondents expressed their concerns about the amount they will give to their heirs, 60% of those surveyed expressed that it seemed “very important” to leave an inheritance and approximately 34% said they planned to leave more than 50% of their assets to his heirs.

It is clear that each person and situation is different, as there are rich people who have few candidates for heirs or there are those who have a good number of people to whom to give their fortune, but beyond this it is necessary that people begin to think about what they will do with their goods and money when they are no longer in this world.

You may also be interested in: Al Capone’s estate to be auctioned in California