Wealth slips away from rich families - Jun. 25, 2014

Rags to riches is a familiar narrative, but when it comes to preserving family fortunes, more often it's rags to riches to rags.

Nearly 60% of the time a family's money is exhausted by the children of the person who created the wealth, according to Roy Williams, president of wealth consultancy The Williams Group. In 90% of the cases it's gone by the time the grandchildren die.

Wealth slips away from rich families - Jun. 25, 2014