Advice for Bond, James Bond

That great hunky chunk of actor Daniel Craig is facing the ultimate first world dilemma: what to do with his fortune, and particularly, whether to hand it down to his kids or not.

He has no plans to leave ‘great sums’ to his children, finding the idea of large inheritances ‘distasteful’. “My philosophy is to get rid of it or give it away before you go,” he says. And he’s not alone.

Nigella is leaving nothing, Bill Gates’s brood will get $10m a piece and Warren Buffet’s children will have to scrape by on $2bn each.

However Buffet admits the “genetic imperative to protect your offspring is hard to override”.

So if clients want to provide for their kids, without completely ruining them, what should they do?

With the unprecedented wealth the baby boomers are about to pass down, it’s a dilemma many civilians will face.

But something planner Tom Skinner has prepared for: “I’ve always seen student loans to be one of the best financial tools to create independence,” he says.

“For one, they give young adults a gentle experience of what it feels like to be in debt, which can be repaid back over several decades with minimal interest. And when they’re at university, they’ll have to learn how to budget accordingly to survive the next month. This will of course mean fewer lattes and beers, but it’s still the steppingstone to independence.”

There you go, Apple, Jermajesty and Princess Tiaamii.