Friday, April 30, 2010
Adult Children Are Uncomfortable Discussing Estate Planning With Their Parents
A recent study conducted by The Hartford Insurance Company indicates that Seniors are more comfortable discussing estate planning matters with their adult children than vice-versa. This study is consistent with my observations of elderly clients and their families. The adult children are often reluctant to address planning inheritance issues, perhaps out of a concern about appearing "greedy." But an open and constructive conversation between elderly parents and their adult children will typically result in better planning -- and reduce the likelihood of disputes once the parents have "left the scene."