Blog Archives for tag heirs
It’s Only “Stuff!”
I’m not worried about my personal “stuff.” I don’t really have that much, plus my kids get along fine anyway….do you know anyone who has said this? Do you know any family members who have ended up arguing, or not speaking to each other after dividing “stuff?”
Studies show that personal property after the death of a loved one is an issue that impacts individuals regardless of their financial worth, heritage or cultural background. Emotions and family relationships impact decision making. Inheritance decisions can enhance or destroy family continuity.
How many kids do you have? Do the kids ever disagree? Is one a dominant personality? Are they equal in financial assets? Do they have spouses that get along well with your family?
These are some of the questions to answer when pre-planning your final arrangements. By making your pre-plans, one important gift you are giving your kids is family harmony. My dad used to say we shouldn’t “borrow trouble.” However, when no pre-plans are in place – that is exactly what we are doing – borrowing trouble, especially if our children are not “equal” financially and personality-wise.