INHERITED WEALTH
EFFECT ON CHILDREN
COMMENT BY A JUDGE
O.C. AUCKLAND, This Day. The perils of inherited wealth were commented on by Mr. Justice Callan when hearing applications yesterday by sons and daughters to have their father's will varied in their favour. The estate was originally valued at over £65,000, and the will did not permit the sons and daughters to have the use of the capital until 10 years after the father's death. ! His Honour said that some men by ! ability and industry or by good forjtune acquired considerable money. Their children grew up in an. atmosphere knowing that their father was wealthy and vaguely understanding that something would come to them later. That had an unfortunate effect on their characters. In old age some fathers discovered that it would have been a very much better thing if they had not saved so much. All the children suffered, said his Honour. The daughters were sought after by the wrong kind of suitors and made unhappy marriages. The sons did not strike out whole-heartedly for themselves in the way they would have done if it had not been for a father's wealth. "And then the father makes a will of this kind; I have often seen it," added his Honour. ■
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19431006.2.92
Bibliographic details
Evening Post, Volume CXXXVI, Issue 84, 6 October 1943, Page 6
Word Count
210INHERITED WEALTH Evening Post, Volume CXXXVI, Issue 84, 6 October 1943, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in