26. You’ll Need to Discuss Your Wealth Transfer Plans
Even for people with a modest inheritance to pass down, it’s often difficult to initiate the money conversation, especially when you’re not sure how your future heirs will react to the news of an impending windfall. Some children feel guilt at the thought of an unearned financial boon and squander the funds. Others can misinterpret your intentions. “Did Dad love my sister more than me?” is an oft-uttered phrase among children of the deceased.
To avoid misinterpretation, have a sit-down conversation with your future heirs so they understand the rationale behind your decisions and can start preparing emotionally.
