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Marie Osmond smiles for photographers

Marie Osmond Claims She Won't Be Leaving Her Fortune to Her Children

Gettyimages | Michael Tran
By Chris Barilla

Marie Osmond initially rose to fame in the early to mid 1970's as a member of 'The Osmonds,' a family music group that was highly popular at the time. As a group, 'The Osmonds' were well known not only for their music, but for their strong and blatant family ties/values. These values were exemplified in their music, public personas, and overall ideologies throughout their career. However, for Osmond, it appears that her approach as a mother now in her own right is a bit less conventional than the normally accepted means.

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On the February 29, 2020 episode of 'The Talk,' the musician opened up about her plans for her massive wealth when she is no longer here. In short, she deemed that giving her fortune to her children upon her death is a bad idea.

This particular episode of 'The Talk' had a topic of discussion that is very time-relevant, the passing of American actor Kirk Douglas, and how he opted to donate his fortune at the time of his death instead of allowing his children to inheret it.

Marie Osmond smiles for photographers
Gettyimages | Denise Truscello

Osmond decided that giving her children her massive fortune when she passes away would be detrimental to their development as adults, saying, "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," the singer commented when posed with the question that Douglas' death brought to the forefront of the conversation.

Marie Osmond appears on television
Gettyimages | Bravo

She prefers that her children make something of themselves and amass their own unique wealth without their parent's help. Her justification behind this point was that children that come from families of overt wealth tend to "not know what to do," basically not developing into fully functioning adults. This comes as a side effect of never achieving financial independence from their parent's wealth. She then recalled members of her family fighting over belongings of deceased relatives when she was younger, which helped shape her decision as a parent today.

Donny and Marie Osmond photographed together
Gettyimages | Ethan Miller

Despite substantiating her argument, some hosts of 'The Talk' didn't take too kindly to Osmond's thought process. Sheryl Underwood adamantly disagreed with Osmond's point, saying "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." She feels as though money in the family can be empowering, not demeaning to someone's financial development over time.

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