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Thursday, September 25, 2014

Here's at Least One Thing That We Have in Common with The One-Percenters


I was fascinated by a recent New York Times article that talked about the one thing that common folk and millionaires alike agree on:  they don't want to talk about death or inheritance.  What was particularly stunning to me was that most of the people in this survey had already gone to the trouble of creating a will, yet most agreed that they were not likely to talk to their kids about it!  Why go to all of that trouble, and then risk leaving behind a chaotic mess?

The vast majority of my own clients tell me they want two things out of an estate plan:  they want to keep it simple, and they don't want the kids to fight.  If that's the case, then by all means, BEGIN THE CONVERSATION.  Whether that conversation is one-on-one, or guided by a professional, it is the very first step toward building a legacy plan that reflects your values.  It is one of the greatest gifts of love you can give your children.



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