By the second generation of inheritors, it is most assuredly squandered – often causing damage along the way.

The idea of leaving a generous inheritance to your family may sound appealing and even noble. Your sweat and tears, the hard work and scraping by, the breakthroughs, the climb ups, the shrewd decisions, the selflessness, the careful planning – are usually not enough.

So, the question is, what’s different about the other ten percent?

The successful 10% prioritize passing wisdom before wealth.