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Recently, I met with a new friend who was carrying a burden of concern for his children. My friend’s father had established trusts for each grandchild to be funded from the success of their family business.
In the beginning the trust amounts were modest, but as the business flourished, the trusts had grown larger than the family ever imagined. My friend expressed concern that his children might be ruined by this huge transfer of wealth.
Proverbs 20:21 teaches, “An inheritance gained hurriedly at the beginning will not be blessed in the end.”
If wealth is being generated in your family business, prepare the way by proactively training your children on God’s values, and your desired family values, before transferring wealth to them. Values first, money second.
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