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Money and Your Family – The Importance of Communication

Paul Horn, financial planner at Financial Sense Wealth Management, explains the importance of having periodic discussions about money, wealth, and finances with family members. Studies show that most believe this should be done but, unfortunately, only a small minority actually do. The reasons for this are simple and a large part of it is not knowing what and how to communicate. Listen in as Paul Horn CFP explains common challenges, pitfalls, and the basic guidelines of how to prepare heirs for a transfer of wealth and developing common values.

Click here to see our full archive of prior Lifetime Income broadcasts on taxes, real estate, health, estate planning and more.

Related:
Rich Kids Are Counting on Inheritance to Pay for Retirement
Amy Castoro on Bridging Generations: Transitioning Family Wealth and Values for a Sustainable Legacy
Alicia Munnell on America’s Coming Retirement Crisis

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