Giving Compass' Take:

• As this article from The Globe and Mail reports, experts are saying that the smartest way of planning wealthy estates is to not give kids too much too soon.  

• What are some other ways to teach children on the responsibilities of money and giving back? 

• Here are 10 questions to ask yourself about your kid's giving. 

With great wealth comes a conundrum: How do you pass down money to the next generation without them squandering it?

Some of the best strategies to ensure an inheritance doesn't spoil your children or grandchildren may not show up in textbook estate-planning sessions, experts say.

One method is "wealth sprinkling." The idea is not to give heirs too much, too fast, says Heera Singh, senior financial advisor with Legacy Wealth Advisors in Brampton, Ont.

Giving money in small amounts allows parents and grandparents to evaluate how responsible the recipients are. "The last thing most of these people want to do is provide their 22-year-old grandchild or child, who doesn't have much financial education or discipline, with millions of dollars in one shot," he says.

The parent or grandparent can tie the distribution to certain age dates or milestone events such as college, a wedding, or paying for a first house, says Chris Catliff, president and chief executive officer of BlueShore Financial in North Vancouver.

"Nobody gets a full inheritance at 21 or 18 or 19. Many of the distributions are a third, a third, and a third, so that someone young is not just seeing a lot of money all at once."

Read the full article about how to pass down wealth by Gail Johnson at The Globe and Mail.