^Blog Preparing Your Children To Receive An Inheritance

For many high-net-worth families, passing on wealth is about more than just transferring assets, it’s about preparing the next generation to handle it wisely. Without the right education and preparation, an inheritance intended as a blessing can easily become a burden. At Three60 Wealth, we work with families to help ensure their children are ready to manage wealth with confidence and responsibility.

Why Financial Education Matters Early

Schools often overlook real-world financial education. Concepts like budgeting, credit management, tax planning, and investing are rarely part of the curriculum. That’s why it’s crucial for parents to take the lead. Teaching your children about these topics early helps build their financial confidence and decision-making skills long before they inherit wealth.

At Three60 Wealth, we offer a dedicated educational platform for our client families. We cover the essentials: understanding mortgages, marginal tax rates, investment types, and how to work with professional advisors. Our goal is to create a strong foundation so your children can ask smart questions, make sound decisions, and protect their financial future.

Involving Your Children in Real-World Financial Conversations

One of the best ways to prepare your children is to involve them in financial discussions. Bring them along to meetings with your accountant during tax season or portfolio reviews with your investment manager. Let them see how financial planning happens in real life.

This exposure helps demystify money management and teaches them to approach financial matters calmly, even when markets fluctuate. By seeing the practical side of financial stewardship, your children will be better equipped to handle the responsibilities that come with significant wealth.

Why Choosing the Right Advisory Firm Matters

Not every advisory firm is built for this kind of work. Many focus primarily on product sales rather than on true planning and education. At Three60 Wealth, we take a different approach. We specialize in working with high-net-worth Canadian families, providing comprehensive planning services designed to preserve and grow wealth across generations.

If you want to ensure your children are prepared, not just financially, but emotionally and intellectually, we invite you to connect with us. We offer complimentary consultations to explore how we can help your family succeed.

Visit three60wealth.ca to learn more or book your meeting today.

Authored by: Jason Nagel, at Three60 Wealth