Have You Had "The Talk" with Your Kids? (No, not that one. The one about your estate plan.)

Even if you are not yet ready to share the family's wealth numbers, communicating your intentions to the next generations promotes family harmony and is a best practice for successfully sustaining and transferring family wealth. It may also be time to schedule a family meeting for this purpose. There is no right way to conduct this meeting, but there are factors to consider when planning the meeting, including providing possible agenda items for a variety of ages and knowledge levels.