After Kirk Douglas left most of his multimillion-dollar fortune to charity and none to family, this sparked a debate on The Talk. Marie Osmond revealed that she will not leave her children any money after she dies. “My husband and I decided that…I think you do a great disservice to your children to just hand them a fortune because you take away the one most important gift you can give your children, and that’s the ability to work,” Marie says.
Marie continues on, saying, “Let them be proud of what they make, and I’m going to give mine to my charity.” However, she makes it clear that this decision doesn’t relate to that of helping her children buy a house or car.
Marie Osmond is not leaving her children money after she dies… ‘The Talk’ panelists disagree
Of course, with this perspective, it opened up a discussion amongst the co-hosts. “I disagree with that,” Co-host Sheryl Underwood chimes in. “I think that when you come from a family of money, you raise your children to value money and understand money and because they [were] born into the family, they should have a healthy respect for money.”
Guest host Carnie Wilson put in her two cents as well. “I’m somewhere in the middle. I love the idea of teaching your children to work.” She ultimately believes in leaving some money to her children, but also ensuring that they know the value of a strong work ethic.
Opening up a discussion and other perspectives
Co-host Sharon Osbourne also disagreed with Marie in this case. “Everybody is different, and I just know that my husband’s body of work that he’s written and kept us all in the lifestyle that we love, goes to my children and his name and likeness goes to my children…” she says. “I don’t want somebody that never met my husband owning his name and likeness and selling T-shirts everywhere and…no, it stays in the Osbourne family.”
What do you think? Should a celebrity’s money go towards their family or elsewhere? Watch part of the segment below and comment your thoughts!