Marie’s 18-year-old son Michael died by suicide).
The Talk segment, the women discussed reports that Kirk Douglas, who died in February at age 103, left most of his multimillion dollar fortune to charity.
“I’m not leaving any money to my children,” Marie told her CBS co-hosts, adding, “Congratulations, kids.”
“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,” she said.
Marie said children of wealthy families often “don’t know what to do” and “get in trouble,” saying, “Let them be proud of what they make, and I’m going to give mine to my charity.” She clarified that her views don’t void a desire to help children, for example, helping them to purchase a home or car.
The topic gave way to a friendly debate. “I disagree with that,” said co-host Sheryl Underwood. “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.”
Guest host Carnie Wilson of the former band Wilson Phillips, added, “I’m somewhere in the middle. I love the idea of teaching your children to work.” Admitting that she hails from a successful, hardworking family herself — Carnie and her sister bandmate Wendy are the daughters of Brian Wilson, a founding member of the Beach Boys — Carnie said she prefers leaving some money to her children while also instilling a work ethic.