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Most important question advisors should ask parentsBalaji Rao, Bangalore

Key Take-Aways
  • Rather than financial assets, you can leave physical assets such as real estate and gold to your children. Make your children competent adults so that they can achieve on their own might.

  • If you want to leave a legacy in financial assets to children, be aware that you will have to save more where one bucket is for your post retirement expenditure and another for the legacy.

  • Saving more to create a legacy will cut into today's surplus and you may not be able enjoy your present life and aspirations. Balance your investments between saving and living life today.

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