Talking with the kids about their inheritance
A wealthy man had completed his estate plan. His advisor asked, “So when do you plan to hold your family meeting to talk with your kids about their inheritances?”
“Family meeting?!? There’s not going to be any family meeting!!!”
“Oh, there will be a family meeting. The question is only when it will occur,” said the advisor. “Now, while you’re alive? . . . Or later, after you die? . . . But that there will be a family meeting? No question. It will occur.”
How much better to hold the family meeting while you’re alive and you can express your full, heartfelt interests and desires to your children.
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on Tuesday, August 26th, 2008 at 3:25 pm and is filed under estate planning, family governance, family meeting, family relationships, kids, legacy, settling an estate.
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