Houston Estate Planning and Elder Law Attorney Blog
“I don’t believe in inheriting money,” CNN host Anderson Cooper recently told Howard Stern on Stern’s radio show. Added Cooper, a son of designer and heiress Gloria Vanderbilt: “I think it’s an initiative sucker. I think it’s a curse.”
American attitudes toward inheritance seem to be shifting, partly by fiscal necessity in the wake of a global financial recession and partly a shift in values or beliefs.
Forbes explored the difficult and interesting subject a short time ago in the article titled “What Kind Of Inheritance Do You Owe Your Kids?”