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11 ultra-wealthy people who aren’t leaving their fortunes to their children

Sting said he plans to spend his money instead of leaving it to his six kids, while fellow rock star Elton John plans to leave his fortune to charity.
Every type of trust fund works a little differently.

Here’s how a trust fund works to shelter your assets, distribute income, and manage taxes during and after your lifetime

How does a trust fund work? In short, it allows a person to control how and when their assets are distributed and shelters them from probate.
Brandon Neth.

A man who inherited a 6-figure trust fund at 20 and wound up in debt anyway shares the advice he’d give his younger self

Brandon Neth inherited about $123,000 from his late father and grandfather when he was 20. He spent most of it on cars, clothes, and restaurants.
The intention for passing down money is as important as the dollar amount.

Here’s exactly what a wealth adviser who worked in Silicon Valley told millionaires who asked how much money to leave their kids

An attorney who advised wealthy Silicon Valley families told the Atlantic that parents should pass down only what their child is prepared to handle.
Kids should understand why their parents are passing down wealth, not just how much.

A wealth manager to millionaires says parents who leave their kids money often miss the most important step

Michael Farrell is managing director of SEI Private Wealth Management. His typical client is worth at least $10 million and many are self-made.

62 families own a surprisingly large chunk of US land, and much of it has been passed down since the 19th century

Over half of the top 100 private landowners in the US have held the bulk of their property for at least two generations.
Disney heiress Abigail Disney.

People born into massive family fortunes go down 2 different paths, says a Disney heiress who has donated $70 million over the past 30 years

People born into wealth can go one of two ways, Disney heiress Abigail Disney told The Cut — they either flaunt their wealth or try to hide it.

An heiress to the Disney fortune has given away $70 million and teaches her kids that money is the least important thing about them

By the time she was in her 20s, Abigail Disney was "embarrassed" by her family's money. She now tells her children to "earn it in reverse."
Dynastic wealth often begins with a trust.

Dynastic wealth may be fueling the widening gap between America’s rich and poor — here’s how the wealthy keep their money in the fam...

Dynastic wealth often begins with a trust. Here's how wealthy families can pass their money down from one generation to the next.
Kylie Jenner is one of the eight billionaires younger than 30.

Meet the billionaires under 30

It's rare to amass a billion dollars before 30, but the eight youngest people on Forbes World Billionaires list have the bragging rights.