Colorado Probate Blog - Wade Ash Woods Hill & Farley, P.C.

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Is Money a Curse?

Anderson Cooper won't receive an inheritance from his mother, Gloria Vanderbilt, who is an heir to the Vanderbilt fortune.

Anderson Cooper in an interview with Howard Stern said:

"My mom made it clear to me that there is no trust fund. There is none of that [and] I don't believe in inheriting money."

Anderson Cooper went on to state that inherited money is an "incentive sucker" and a "curse" and that he is grateful that his mother always gave him incentive to work.

Anderson Cooper asked "Who has inherited a lot of money that has gone on to do things in their own life?" He stated "From the time I was growing up, if I felt that there was a pot of gold waiting for me, I don't know that I would have been so motivated.'

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