Talking to your family about maoney. Many parents want to avoid the conversation, nearly as many parents are uncomfortable talking about money as they are discussing death. (Parents,Kids & Money Survey, T. Rowe Price March 2016)
Do you and your family know what the next steps are in wealth transfer?
The transfer of wealth will happen regardless of whether boomers and millennials plan for it, but withoutplanning, it could go awry.
The FIRST thing to do is talk as a family, preferably with a qualified financial advisor present. These may be sticky uncomfortable conversations. The last thing you want is for your heirs to be on different pages when the money is transfered.
If I could be of help to you or someone you know, call me at 509-435-0447.