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.”
RELATED: Kirk Douglas Leaves Majority Of $60M Fortune To Charity, None To Family
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!
Marie Osmond is going to leave her millions to the Mormons who have more money to build ANOTHER Church or whatever they call it. She is divorced and the gives advice. I don’t like her on that show and really don’t watch it any more. Cheryl and Mrs. O are great, but Kerianne and Eve should be replaced. Don’t add much to the show.
The “Paper Roses” singer, Marie Osmond, is free to do with her money as she likes. If she wishes to give the lot to charity, she should seek counsel as to what charities there are both at home and abroad. Some ideas might be: (i) The Smile train — Children with a cleft lip; (ii) Sight Savers — cataracts and ingrowing eyelashes; (iii) Jiggers — parasitic lavae which burrow into any surface of the any part of the body in contact with the soil in sub-Saharan Africa (scary photos); (iv) To set up a charity which asks Walmart for out-of-date safe foodstuffs to distribute to poor Americans; (v) A gift, however small, to the church, for outreach, either evangelical or food for the elderly; (vi) A trust for your grandchildren — what will they do if mummy and daddy are out of pocket and down-at-heel? The list is endless. That’s why you need good, unbiased advice. I love your songs Marie.
Marie, I forgot to say…….. Never just speak to a single charity. They will pressure you to relieve you and swindle you of the lot!
Gee, my Dad left me $200,000 when I was 30. I had started a small company 5 years earlier and like most small business owners, I kept my salary to a minimum, invested the money and never changed the way I lived. I guess I just was never spoiled like her brats.
All you folks giving Marie advice about which charity to leave money to, I guess you don’t realize that when she said she’s leaving it to “my charity” she’s talking about the Children’s Miracle Network Hospitals. It’s not as if she needs any other suggestions.
I believe if you teach our children the meaning of money and
they learn it, there is no reason why they cannot receive your money, but if they don’t then give it to charity. You have raised them in an environment of lavishness and spoiling them their entire lives with what money can buy, and to take that away is truly sad. They do not deserve to be treated so shitty. If one of them should fall, there would be no way to help them. Teach them well. It is truly a pity.