Marie Osmond reveals she's not leaving any of her fortune to her seven children ...

Marie Osmond has spent most of her life in the public eye as the only daughter of a show business family of nine.

And while she's enjoyed a successful career as a singer and TV personality, she said on her daytime chat show   that she won't be leaving any of her fortune to her kids. 

'I'm not leaving any money to my children,' Osmond, 60, said during a discussion with her four co-hosts, before adding a little humor and smile: 'Congratulations kids.'

No inheritance: While she's enjoyed a successful career as a singer and TV personality, Marie Osmond, 60, said on her show The Talk that she won't be leaving any of her fortune to her kids

No inheritance: While she's enjoyed a successful career as a singer and TV personality, Marie Osmond, 60, said on her show The Talk that she won't be leaving any of her fortune to her kids

The Utah native thinks there are too just many pitfalls if she were to give them a large sum of cash without having to earn it. 

'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 Donny & Marie star then clarified her thought process, adding, 'You see it a lot in rich families, where the kids, they don't know what to do and so they get in trouble. Let them be proud of what they make and I'm going to give mine to my charity.'

Concerned: The Donny & Marie star thinks there are too just many pitfalls if she were to give her children a large sum of cash without having to earn it first

Concerned: The Donny & Marie star thinks there are too just many pitfalls if she were to give her children a large sum of cash without having to earn it first

Has her reasons: 'You see it a lot in rich families, where the kids, they don't know what to do and so they get in trouble......I'm going to give mine to my charity,' she explained

Has her reasons: 'You see it a lot in rich families, where the kids, they don't know what to do and so they get in trouble......I'm going to give mine to my charity,' she explained

Co-host Sheryl Underwood disagreed with Osmond's stance regarding inheritance.

'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 explained. 

Co-host Sharon Osbourne, who's married to legendary rocker Ozzy Osbourne, was also not on-board with leaving her kids out of their will. 

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