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Article: The New Generation Gap: A Hartford study shows parents are more at ease discussing their estate plans than their boomer children.
- Article from:
- Financial Planning
- Article date:
- November 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Stories pass from parents to children. Memories and values are shared. Savings and keepsakes accumulated over a lifetime are handed down. There are many ways that families stay connected from one generation to the next.
Estate planning is an important way to ensure that those connections continue. But it can also be one of the most emotional and difficult topics a family can address. While some families manage to settle these issues calmly over tea, others come to blows over mom's teacups. Anyone who has helped clients plan an estate knows it can become an emotional minefield. One misstep and months and years of good intentions can be squandered.
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