Kids Facing 'Sudden Wealth Syndrome' As Harris' Rise Has Parents Worried, Racing To Transfer Billions To Kids Before A 2025 Benefit Expires

A tax incentive ending in 2025 is driving wealthy parents to transfer assets to their children quickly. This rush raises concerns about the emotional impact of sudden wealth on kids, known as "sudden wealth syndrome." Planning for gradual inheritance and educating children on financial responsibility are strategies to mitigate this issue.