>>I think you can make a strong argument that giving the company to your heirs whole-hog is a poor idea (unless those heirs are involved in the company personal

>>I think you can make a strong argument that giving the company to your heirs whole-hog is a poor idea (unless those heirs are involved in the company personally) If you leave lots of money to your kids and never taught them from an early age how to handle money then it is your fault. Any reasonable parent would prepare their kids to know how to handle money. Don't be surprised if they turn out bad because you've spoiled them. And if they are not interested in running that type of company but instead they want to do something else then the solution is simple: sell the business and allow them to run their life as they see fit. If you've done a good job raising them then they should be OK.