Are you concerned about sharing your estate plan with your family?
Maybe you’re worried about your children feeling entitled or developing bad habits. Maybe you’re concerned about disclosing private information.
Yet, what many families don’t consider is the risk that your children might fight over your estate due to lack of clarity and lack of communication about your wishes. An equally troubling scenario.
On today’s episode, John talks with attorney Stephen Lewis at the Mitchellweiler Law Corporation about estate planning and what it might look like to communicate your wishes early, and often.
John and Stephen discuss:
- What is an estate plan and why all adults (not just wealthy families) should consider an estate plan
- How and when to start having the family conversation
- Developing a stewardship mindset to training up your children and sharing wisdom with them prior to sharing wealth
In the end, the responsibility is on you to not just create an estate plan to take care of you while you’re living and once you pass away. But also to find a way to communicate it clearly to minimize the risks of family disputes.
To contact Stephen about your estate planning, email him at stephen@mlcattorneys.com.