The Economic Times

Building wealth for your children is only half the job: CA explains the financial lessons parents should teach

CA Nitin Kaushik has warned that building wealth for children is only half the job, as parents must also prepare them to manage their inheritance. He highlighted how financial knowledge, from investments and liabilities to insurance and nominees, can help preserve family wealth. Kaushik also urged parents to organise essential documents and introduce children to saving, debt, banking and investing through age-appropriate conversations.