Winnipeg Free Press - PRINT EDITION

Need help with your fortune?

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A two-day philanthropy conference hopes to help people handle what is arguably the biggest of First World problems -- a huge or sudden influx of wealth.

Believe it or not, winning the lottery or having a wealthy relative leave their fortune to you isn't a one-way ticket to paradise.

Jim Grubman, a Massachusetts-based family-wealth consultant, said people who aren't born into money but come into it later in life often have a lot of trouble handling their new financial reality.

That could result in them blowing through a small fortune in a short time or forgetting where they came from or both.

"General society is not that aware of the kinds of challenges and stresses people have when they have a lot of money," said Grubman. "You don't get a lot of sympathy for these unique stresses."

He'll be one of the featured speakers at Kaizen 2014 -- Advancing Philanthropy Across Generations, which is expected to attract about 200 delegates at the Canad Inns Polo Park today and Thursday.

Republished from the Winnipeg Free Press print edition May 28, 2014 A2

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