Andrew Lendnal Urges Financial Lessons Before Estate Plans, Citing 2 Daughters' Entitlement
Updated
Updated · InvestmentNews · Jun 22
Andrew Lendnal Urges Financial Lessons Before Estate Plans, Citing 2 Daughters' Entitlement
1 articles · Updated · InvestmentNews · Jun 22
Summary
Andrew Lendnal says families should start teaching money habits as soon as children ask for things, arguing early conversations matter more than waiting for estate planning or wealth transfer discussions.
Two examples from his own home shaped that view: one daughter asked for a Tesla at 11, and another expected an iPhone upgrade for doing homework.
Lendnal says entitlement grows through small parental choices—paying for expected chores, shielding children from hearing no, and funding upgrades without requiring money or effort in return.
His approach scales by age, from needs-versus-wants lessons for young children to budgets, taxes, credit and debt for teens and young adults, using everyday moments like a $200 grocery trip as teaching tools.
For advisors, he frames the issue as legacy preparation: spend as much time preparing the inheritor as the inheritance, because financial capability does not pass through a trust document.