A recent survey of high-net-worth individuals found that around two-thirds of them were concerned about leaving too much money behind for their children, while 57 percent of those who don’t plan to pass on an inheritance cited President Joe Biden’s tax plans as a factor in their decision.
The Motley Fool polled 2,000 individuals with a net worth of more than $1 million about their attitudes toward inheritances, with 67 percent expressing concern about leaving too large of an inheritance.
