Why You Should Let Children Know About Their Inheritance

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Why You Should Let Children Know About Their Inheritance
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Discussing your estate plan with your children can yield one big benefit: the chance to gauge their reactions

ByI have never been comfortable talking about money with my adult children, but my wife and I are making some changes to our estate plan. Our question: Should we talk with our children about their inheritance? Have you tackled this issue?

You certainly can make an argument for not having this conversation. Some parents, for instance, worry that if their children learn what they’re going to inherit too early, they could get lazy or, perhaps worse, complain about how assets are being carved up.

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