The tendency of third generations to spoil their inherited wealth or empire has een independently discovered in many cultures. It seems to be human nature. In the case of wealth it's a nice way to achieve redistribution without taxations. With empires it can be quite painful for the subjects, depending on how the next guy goes about his conquest.
In terms of how to deal with it: tell your kids to use and/or donate all the money and not leave an inheritance?
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