Mammoney - Your Ultimate Guide to Personal Finance & Investing

From Heirs to Leaders: Educating the Next Generation in Wealth Stewardship Introduction In an era where intergenerational wealth transfer is projected to reach unprecedented levels, with estimates suggesting that trillions of dollars will pass from baby boomers to their heirs over the next few decades, the concept of wealth stewardship has emerged as a critical paradigm shift from mere inheritance to responsible leadership. Wealth stewardship transcends the traditional notion of heirs passively receiving assets; it involves equipping the next generation with the knowledge, skills, and ethical frameworks necessary to manage, grow, and deploy wealth in ways that benefit not only their families but also broader society. This transformation is particularly relevant today as economic inequalities widen, environmental challenges intensify, and technological disruptions redefine value creation, making it imperative for affluent families to foster leaders who can navigate these complexities ...