Law Offices of Connie Yi, PC
Tell Us About Your Case
888-312-6978

For the safety of our community, clients and staff, we have suspended all in-person meeting effective March 17, 2020. All consultation meetings will be via Phone or Zoom Video Conferencing. Please contact us at (925) 484-0888 or email us directly at [email protected] to schedule the consultation.

View Our Practice Areas

Your kids’ inheritances: harmonious result or rancor?

It’s your family, and unlike any other.

That likely means this from the perspective of estate planning and contemplated inheritances for your adult children: Take advice from third parties in only the most general sense.

Here’s why, as stressed by the online financial publication NerdWallet: Some family inheritance plans work out tremendously well when all the kids receive precisely equal inheritances, with others collapsing in discord and rancor.

“Money can cause family discord,” notes one wealth planning strategist, “and you want to make sure that you are thinking through [inheritance considerations] and keeping sibling relationships intact.”

That makes sense, of course, but it is sometimes easier said than done. How can parents best ensure that an estate outcome in the future will satisfy all the kids rather than rupture family relationships?

Unsurprisingly, the answer to that sometimes thorny question rests centrally on perceived fairness. In one family, that might well mean the exact same asset slice for every sibling, with unequal (or at least varied) inheritances being accepted as equitable in other families.

Either way, reaching the fullest possible understanding of what will work best generally requires some parental advance planning, coupled with real insight into family dynamics.

The NerdWallet piece logically points out that one or more timely discussions with all the children marked by love and candor can go far toward promoting familial harmony and a collectively generalized notion of what’s fair. Importantly, too, such conclaves enable siblings to timely clear the air on what might otherwise be delayed and sour relationships once mom and dad are gone.

Understandably, it can sometimes be difficult to engages the process. A proven and empathetic estate planning attorney can help with that.

No Comments

Leave a comment
Comment Information

Contact Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response

Office Locations

Law Offices of Connie Yi, PC
323 Ray Street
Pleasanton, CA 94566

Phone: 925-484-0888
Pleasanton Law Office Map

Cupertino
19925 Stevens Creek Blvd
Suite 100
Cupertino, CA 95014

Toll Free: 888-312-6978
Map & Directions

San Francisco
490 Post Street, Suite 508
San Francisco, CA 94102

Toll Free: 888-312-6978
Phone: 415-433-3350
Map & Directions