David D. Legeay is a Senior Vice President and Managing Director of the Cleveland market for Hawthorn, PNC Family Wealth ®, a business dedicated to serving the needs of individuals and
families with investable assets in excess of $ 20 million.
Indeed, the most recent CNBC Millionaire Survey of high - net - worth
families with investable assets of $ 1 million or more found 44 percent have not told their children about their future inheritance, and 27 percent waited until their child was over age 30 to do so.
Not exact matches
According to a July 2016 survey conducted by TD Ameritrade, one in five respondent
families with more than $ 25,000 in
investable assets spends more than $ 1,000 per month on their child's sports.