Rhonda Ducote returns to Financial Poise and lends advice on how to avoid family strife while divvying up assets for inheritance. Below is an excerpt:
“For Baby Boomer women, who are uniquely positioned as stewards of the largest wealth transfer in human history, minimizing squabbles and resentment between their children over inheritance is a high priority.
The most effective way to reduce potential rivalries among siblings is to decide how to allocate wealth before the transfer is necessary. Having an open and honest dialog with loved ones is an essential first step to setting expectations.”
For the full article, click here.