Learn three best practices to help families overcome fears of demotivation. Many wealth holders fear that the anticipation of inherited wealth will demotivate or disempower family members. The idea of discussing wealth transfer and inheritance issues can be daunting, but the rewards can prove significant when family members work together to improve communication and strengthen
In order to get your estate planning underway, you need to understand the full breadth of your estate—present and future. How your parents structure their estate plan, including the use of trusts, gifts, IRAs, insurance, pensions, and Wills, can have a significant effect on how you should set up yours. It’s important to take a
The way you communicate with your children about wealth today will shape their financial experiences in the future. The best way to share your financial values with your children is to communicate early and often, using words as well as financial structures. If there’s silence surrounding money matters in your home, it can create confusion.