Last week, I encouraged adult children to talk to their parents about their eventual inheritance.

It can feel like a selfish and cringy topic. But in my experience, it’s a topic parents are interested in as well because they tend to be very concerned about ensuring that their wealth passes on to their children.

The context I provided was minimizing the amount of inheritance that will go to the government in taxes. I suggested that your folks might not realize how much benefit can be achieved with the advice of an estate tax planning specialist. They would likely appreciate you sharing that information so they can act on it.

Another important context for a heart to heart about your inheritance is a blended family.

This one is trickier but like the tax issue, you and your parent likely share some common ground. Your parent very likely wants to ensure that you end up receiving a fair share of their hard-earned wealth.

The “fair” part is one aspect that can get tricky. Nobody cares about being........

© Castanet