inheritance advisor arizona

The most common inheritance mistakes.

Since inheritances don’t happen every day, it’s not uncommon for recipients to feel confused as to their next steps. Due to the unfamiliarity of the situation, and the events involved, it’s easy for even the most rational person to make some costly financial mistakes. But you don’t have to.

Talking with your Adult Children about Inheritance

Uninformed heirs often make poor financial decisions with the assets left to them, leading to unnecessary taxes, pointless attorney fees, overspending, family disputes and much, much more. Generational wealth planning can keep your hard earned money in your family where it belongs and keep your parental wishes intact. Recommendations to prepare your children for financial responsibility: 1. Establish a well …