Talking to Your Parents and Kids About Money

In many families, money still is not an accepted or typical dinner table discussion. Surprisingly, this is especially true when it comes to affluent parents. We hope to change the conversation, because one of the most important things you can do is talk to your kids (and your parents) about money. With so much at stake, will planning is a crucial task that should not be neglected. Lexern Law Group walks you through the will planning process and helps you have difficult discussions with your family about money.

The amount of money generated by your family, and what will happen to it when you or your parents become incapacitated or die is definitely your business. With assets at risk, will planning becomes more crucial in affluent families. And, whether your parents talk with you about it now, or you figure it all out after they die, your parents’ money has a huge impact on you. 

The True Value of Money and Will Planning

As an affluent parent, or the child of affluent parents, getting into conversation about money or will planning now is a huge opportunity to pass on values, insights, stories, and experience that will be lost, if you wait until incapacity or death to start facing the truth together. While it may seem uncomfortable now, these discussions help you protect the ones you love.

Helping you talk to your kids (or your parents) about money is one of the things we most love to do because we see it as a real opportunity for your family to come together. With Lexern Law Group’s will planning assistance, you can use your whole family wealth to create more connection from one generation to the next. If you need help having the money talk with your parents, your children, or have general will planning questions, contact us today. 

This article is a service of Lexern Law Group, Ltd.  We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Family Wealth Planning Session, ™ during which you will get more financially organized than you’ve ever been before, and make all the best choices for the people you love.