He also has a deliberate plan: when he and his wife die, the children will not get any money. Carl has a problem with his children? Of course not. Carl is a retired headmaster. He raised his children. When his son and daughter went to middle school, he decided to pay for their education as long as they wanted, which was his last obligation as a parent. After his death, he donated money to the children's charity fund. You may think that his children must be unhappy, but they have no complaints about their father's decision. They understand their father's decision and are very grateful to him, because his investment in them is very generous. He also set up a registered education savings plan for his grandchildren and gave them pocket money. His dentist son also bought a summer house with his shares. Carl's plan is very successful because he takes time to think about his goal and then moves towards it. To be like him, you should ask yourself these questions: Maybe you think it is best to leave money to your children, or like Carl, you think it is more useful to leave money to charity or others. Carl's children are very grateful to him because they got help from their father when they needed money most, that is, in their early adulthood. Michael Alexander, a lawyer and estate consultant in Toronto, said that it is very popular to leave money to children before they die. "In the United States, many parents will say that you have an inheritance now because we paid for your four-year tuition at Duke University or Yale University." He said. "They have realized that giving children a good education is more useful than leaving them a lot of money in the future." JoAnne Anderson, financial planner of Raymond James in Mississauga, Ontario, said that as people live longer, it becomes more important to consider the "time value" of gifts for children. Now many children of parents in their 90 s are over 60 years old, and they no longer need these heritages. Joanne said that the three best ways to give an "inheritance" before death are to help children buy a house, deposit money directly into their children's registered retirement savings plan or set up a registered education savings plan for their grandchildren like Carl. Different children have different needs. Don't treat all children in one way. Alexander once served a family whose parents had only one child, who was very talented in sports. So the couple decided that instead of giving their children an inheritance, it would be better to spend all their money and let their children receive training in the best training center. Alexander suggested that you need to find out your child's interests. A child who wants to be an entrepreneur and a child who wants to be a teacher have different needs. Alexander emphasized that communication is the most important thing. The family he once served had three children. One of the children was very interested in the villa at home, so the couple left the villa worth 500 thousand to the child. But they also negotiated with the other two children and told them that they would get other things of equal value. You want money? It may be harmful to leave a large sum of money to a well-behaved child. Alexander said that he got three great legacies when he was a graduate student, but that was the most stressful period in his life. "When you leave a large legacy to your children, it will also bring them great pressure." He said, "Some children even go to the road of no return." In order to avoid these problems, give children a sum of money when they are young, and let them learn to manage money with your help. This is a learning period. Give them some money and give them a chance to make mistakes. Of course, if your child takes drugs, drinks and gambles, you need to adjust your strategy. "In this case, you should set up a trust fund that includes a friend and a public institution."