Ken Polk Outlines 3-Step Plan to Prepare Children for Inheritance as Early as Age 6
Updated
Updated · Business Insider · Sep 6
Ken Polk Outlines 3-Step Plan to Prepare Children for Inheritance as Early as Age 6
1 articles · Updated · Business Insider · Sep 6
Summary
Polk says inheritance planning should start long before any money is disclosed, with parents first building character so children develop purpose before wealth arrives.
Age 6 is his starting point for financial habits: children split money into give, save and live buckets, then move that same framework into bank accounts around age 12.
Ages 19 to 22 mark the "reveal" stage, when parents can explain family finances and the inheritance itself through a legacy letter that clarifies the money's intended spirit.
Polk, 53, says he used the process with his four children—now 27, 25, 23 and 21—arguing that shared values and decision-making systems matter whether heirs receive $100,000 or $100 million.