Take Steps Today to Manage Your Estate Tomorrow

In this ebook, you'll learn the critical elements of an estate strategy. Considering these crucial details may help an executor uphold your values, goals, and desires for your estate.

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Discussing Finances Over the Holidays

Discussing Finances Over the Holidays

December 16, 2022

The holiday season is upon us; from story time with sorely missed grandchildren to laughter with friends and family over long-cherished memories, there's little doubt that "the most wonderful time of the year" has arrived.

For my family, this season is a time of reflection and connection as we bid farewell to the old year and look, with hope, toward the new. As your family gathers, it may be a perfect opportunity to share your estate strategy and explain your decisions regarding your wealth. Every year, family members find themselves in disputes over how assets are passed between the generations. Much of this family discord could be avoided if parents would talk openly with their adult children about what they are considering regarding their estates, what they hope to achieve, and how their decisions will affect the entire family. Grown children are often in an excellent position to give parents input and feedback on plans that will ultimately have more impact on the children’s lives than on the parents’ lives. While parents are ultimately responsible for their estate and philanthropy plans, talking openly with grown children makes sense because these plans are about the children as much as they are about the parents—if not more.

I'm always happy to help you structure that discussion and can help explain why we selected specific approaches with your overall financial management.

Discussing financial matters can be challenging, so please let me know if I can ever be of assistance, and don't hesitate to share my contact information or let me know how I can help.

Happy holidays to you and your loved ones.