#63 - Why We Don't Leave Money to Charities

Among people that have accumulated enough of a nest egg to pass on, my experience is there is little thought given to whom they will bequest the money. It’s generally a forgone conclusion any inheritance will go to their children or grandchildren. The societal money script around leaving an estate in the U.S. is “Good parents leave all their money to their kids,” and “the more money I can leave my kids the better off they will be.” It’s not surprising then there is usually no thought or...