The Emotional Complexities of Estate Planning, Part II

“In planning their estates, wealthy parents have the opportunity to look carefully at what they have to give to their children, in terms of both spiritual and financial wealth. They also have the opportunity to become aware of the ramifications of what they bequeath. As a general rule, financial considerations, especially tax avoidance, tend to dominate estate planning, yet financial priorities often conspire against the emotional well-being of heirs. What could be of more benefit to our children, says the common wisdom, than increasing the amount of money that is left to them? Yet sometimes how wealth is given has more impact than how much is given.”

Passing Wealth Along to Our Children: Emotional Complexities of Estate Planning, Margaret Kiersted, Trio Press, 1998.