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> The grandparents would be absolutely horrified if they saw what their family was turning into.

I wonder if they somewhat expected it. The 'third generation curse' is a widely known effect. Question is whether there is anything that could have been done to avoid it.

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Donate their wealth before they die and leave only a token amount for the kids. Enough to give them a headstart, but not enough that they never have to try.

I like how Warren Buffett put this:

I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing.

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