Marie Osmond will not be leaving any money to her children when she dies because it would be a "great disservice" to them.
The 60-year-old mom made the bold announcement on Friday’s episode of "
The Talk," explaining that she believed kids who were given a large inheritance were often reluctant to go out and work.
"My husband and I decided that 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," Osmond said, per
Fox News."You see it a lot in rich families where the kids don't know what to do so they get in trouble, so I just let them be proud of what they make and I'm going to give mine to my charity," she continued.
Co-host Sheryl Underwood argued that children born into money should be raised to value their wealth and have a "healthy respect" for it.
"I mean, I would love to have some type of money left for me from somebody else so I can have a leg up," the 56-year-old said. "I think when wealthy people say, 'I'm not leaving my kids anything,' well, they've been living this great life."
Osmond explained that the decision to pass her fortune on to charity came after her uncle and aunt passed away and their children engaged in heated arguments over a mirror and a table.
"My mother said, 'That will never happen,'" she said.
Osmond is mother to eight children: Craig, 36, Jessica, 32, Rachael, 30, Brandon, 23, Brianna, 22, Matthew 21, Abigail, 17, and Michael, who died by suicide in 2010 at age 18.
Last year Osmond
opened up about his death in a previous episode of "The Talk," revealing that her son was "bullied very heavily."
"I've got the texts," she said. "I mean they're horrendous, and I never took action against it, but I can tell you, honestly, that I believe that that was a high component in him just feeling overwhelmed and that he didn't fit in."
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